RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2016 No. 29

About approval of Rules of implementation of interbank payments and money transfers on transactions with use of payment cards in the Republic of Kazakhstan

For the purpose of implementation of the Law of the Republic of Kazakhstan of November 24, 2015 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning the idle credits and assets of banks of the second level, rendering financial services and activities of the financial organizations and National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of implementation of interbank payments and money transfers on transactions with use of payment cards in the Republic of Kazakhstan (further - Rules).

2. And managements of payment systems (Musayev R. N.) in the procedure established by the legislation of the Republic of Kazakhstan to provide to development department:

1) together with Legal support department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution in the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan":

on official publication in information system of law of Ad_let within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

for inclusion in the State register of regulatory legal acts of the Republic of Kazakhstan, Reference control bank of regulatory legal acts of the Republic of Kazakhstan within ten calendar days from the date of its obtaining by National Bank of the Republic of Kazakhstan after state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication.

3. To department of the international relations and public relations (Kazybayev A. K.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Pirmatov G. O.

5. This resolution becomes effective since July 1, 2016, except for Items 9, of 13 and 14 Rules which become effective since January 1, 2017.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 29

Rules of implementation of interbank payments and money transfers on transactions with use of payment cards in the Republic of Kazakhstan

1. These rules of implementation of interbank payments and money transfers on transactions with use of payment cards in the Republic of Kazakhstan (further – Rules) determine procedure of interbank payments and money transfers by transactions with use of payment cards in the Republic of Kazakhstan.

2. In Rules the concepts provided by the Law of the Republic of Kazakhstan of June 29, 1998 "About payments and money transfers" and the resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2000 No. 331 "About approval of the Instruction for the release and use of payment cards" registered in the Register of state registration of regulatory legal acts at No. 1260, and also the following concepts are used:

1) interbank payments – the payments made by one participant of interbank payment and money transfers on transactions with use of payment cards (further - the Participant) for benefit of other Participant in network of servicing of this Participant;

2) the financial message – the payment document containing information necessary for carrying out interbank payment on committed transaction with use of payment card, and representing monetary commitments (requirements) of one Participant in relation to other Participant;

3) the Participant – the bank of the second level and (or) the organization performing separate types of banking activities (further – bank), which is (being) the issuer and (or) ekvayer;

4) net line item of the Participant – difference between the amount of the financial messages exposed by the Participant according to monetary commitments of other Participants in relation to this Participant and the amount of the financial messages exposed by other Participants according to monetary commitments of this Participant in relation to other Participants. If the difference – negative number, then the Participant has debit net line item if positive – credit net line item;

5) the operator of payment system or system of payment cards (further – the Operator) – the legal entity performing activities for ensuring functioning of payment system or system of payment cards including functions of the processing organization for the organization of interbank payments connected with implementation of activities for ensuring implementation of routing of messages, authorization and clearing according to the contract with the Participant;

6) the channel of systems of payment cards – method of routing of messages between Participants in compliance the agreements signed with systems of payment cards;

7) routing of messages on transactions with use of payment cards (further – routing of messages) – process of determination of route and transmission of messages on interbank payments between Participants;

8) interbank system of payment cards – the payment system intended for routing of messages and clearing between Participants based on the agreement signed between the Operator of interbank system of payment cards and the Participant. Operator of interbank system of payment cards is the Republican state company on the right of economic maintaining "The Kazakhstan Center of interbank calculations of National Bank of the Republic of Kazakhstan";

9) the channel of direct interbank interaction – information and technological connection between two Participants or their processing organizations according to the service agreement of payments signed between them;

10) the message – the group of details used for exchange of information between the Operator and the Participant.

3. Implementation of interbank payments consists of the following stages:

1) routing of messages and authorization;

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