BAKAKG22

Payment Instructions

General instructions for international payments to banks in KYRGYZSTAN:

• Beneficiary Information: Remitter should obtain all required bank information from the Beneficiary, including SWIFT BIC, account number, and beneficiary bank address. For more details, visit the Central Bank of Kyrgyzstan.
• Payment Restrictions: Payments for rent of premises sent directly to the landlord are not permitted. All other payments to individuals are allowed.
• Additional Documents: Beneficiaries of FX payments must complete all required forms detailing the nature of the payment and beneficiary before the account is credited.
• Payment Formatting Rules for KGS:
  • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
  • Beneficiary Customer (SWIFT MT103 F59): Include 16-digit account number, full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.
  • Beneficiary Bank (SWIFT MT103 F57): Include 6-digit BIK code, SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank.
  • SWIFT BIC Format: SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKGxx or xxxxKGxxxxx.
  • Reason for Payment (SWIFT MT103 F70): 8-digit Purpose of payment code must be included in the payment instructions to specify the nature of the payment. Contact J.P. Morgan Service Representative for a list of purpose codes.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of BAKAI BANK OJSC for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from BAKAI BANK OJSC, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.