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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 JOINT STOCK COMPANY 'EURASIAN CURRENCY AND STOCK EXCHANGE INVESTMENT EXCHANGE 'UNION'' for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from JOINT STOCK COMPANY 'EURASIAN CURRENCY AND STOCK EXCHANGE INVESTMENT EXCHANGE 'UNION'', 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.