Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2025-P-19/47-3-(NPA) of September 17, 2025 on Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Instruction "On the Procedure for Conducting Payments and Settlements in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic" dated May 27, 2009 No. 25/11

RESOLUTION OF THE BOARD OF THE NATIONAL BANK OF THE KYRGYZ REPUBLIC

of September 17, 2025 No. 2025-P-19/47-3-(NPA)

On Amendments to the Resolution

of the Board of the National Bank of the Kyrgyz Republic

"On Approval of the Instruction "On the Procedure for Conducting Payments and Settlements

in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic"

dated May 27, 2009 No. 25/11

In accordance with Articles 5, 9 and 64 of the Constitutional Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

1. Make amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Instruction "On the Procedure for Conducting Payments and Settlements in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic" dated May 27, 2009 No. 25/11 (attached).

2. The Legal Department:

• within 3 (three) working days from the date of receipt of the relevant documents, publish this Resolution on the official website of the National Bank of the Kyrgyz Republic;

• after official publication, send this Resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.

3. This Resolution shall enter into force upon the expiration of 15 (fifteen) days from the date of its official publication.

4. The Banking Settlements Department shall bring this Resolution to the attention of commercial banks, the Interstate Bank, the Eurasian Development Bank, the Central Treasury of the Ministry of Finance of the Kyrgyz Republic, the Social Fund of the Kyrgyz Republic under the Cabinet of Ministers of the Kyrgyz Republic, the State Accumulative Pension Fund under the Social Fund of the Kyrgyz Republic under the Cabinet of Ministers of the Kyrgyz Republic, the Agency for Deposit Protection of the Kyrgyz Republic, CJSC "Central Depository", and the corresponding structural subdivisions of the National Bank of the Kyrgyz Republic.

5. Control over the implementation of this Resolution shall be entrusted to a member of the Board of the National Bank of the Kyrgyz Republic overseeing the Banking Settlements Department.

Chairman		M. Turgunbaev

Appendix

to the Resolution of the Board

of the National Bank

of the Kyrgyz Republic

dated September 17, 2025

No. 2025-P-19/47-3-(NPA)

Amendments

to the Resolution of the Board of the National Bank of the Kyrgyz Republic

"On Approval of the Instruction "On the Procedure for Conducting Payments and Settlements

in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic"

dated May 27, 2009 No. 25/11

Make the following amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Instruction "On the Procedure for Conducting Payments and Settlements in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic" dated May 27, 2009 No. 25/11:

In the Instruction on the procedure for conducting payments and settlements in the Gross Settlement System in Real-Time Mode in the Kyrgyz Republic, approved by the aforementioned Resolution:

• paragraph 1.7 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_1] shall be worded as follows:

"1.7. The National Bank is the operator of the GSRRT and the settlement bank for conducting settlements in the system for accounts of participants opened at the National Bank.";

• subparagraph 3.1.1 of paragraph 3.1 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3] shall be worded as follows:

"3.1.1. Processing of EPD (Electronic Payment Documents) is carried out in accordance with the GSRRT work schedule, which is divided into the following periods:

Period Name	Period Duration
Day Start Open for Business	8:30 – 8:40 8:40 – 9:00
Final settlement of participants' net positions in adjacent systems, including payment card settlement systems 1	9:00 – 17:00
Receipt and processing in GSRRT of EPD and messages	9:00 – 17:20
Transfer by GSRRT participants of cash reserves to the debit net position in the SPK	8:45 -13:30
Formation of the reserve for the debit net position and its transfer to the SPK	13:30 – 13:50
Final settlement of participants' net positions following the clearing session of the SPK	13:50 – 14:20
Initial disconnection (settlement window)	16:30
Final disconnection	17:00
Completion of settlements	17:20

Guided by Article 55 [https://cbd.minjust.gov.kg/3-45/edition/25298/ru#st_55] of the Labor Code of the Kyrgyz Republic regarding the duration of the working day immediately preceding a non-working holiday, as well as the working holiday itself, the GSRRT work schedule is shortened by one hour, and the following start times for GSRRT schedule periods are established:

Period Name	Period Duration
Initial disconnection (settlement window)	15:30
Final disconnection	16:00
Completion of settlements	16:20.

";

• subparagraph 3.6.1 of paragraph 3.6 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3] shall be worded as follows:

"3.6.1. The cash reserve for the debit net position in adjacent systems is established daily by the participant by reserving funds in their account opened at the National Bank, part of the funds necessary for final settlement in GSRRT, or by operators of adjacent systems by sending a file of the established format to GSRRT for preliminary reservation of a sufficient volume of funds in participants' correspondent accounts. The size of reserves must be sufficient to guarantee the conduct of final settlement of net position files";

• in paragraph 3.8 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3], the words "retail payment systems" shall be replaced with the words "adjacent systems";

• subparagraph 3.8.1 of paragraph 3.8 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3] shall be worded as follows:

"3.8.1. After receiving the net position file from adjacent systems in GSRRT, the authenticity of the EP (Electronic Signature) of the file, the integrity of the EPD, and the compliance of the EPD with the established format are checked. In case of errors detected in the received file, GSRRT generates an electronic payment of the approved format indicating the detected errors. This message is signed with an EP and sent to the address of the adjacent system via available communication channels, indicating the error.";

• in subparagraph 3.8.2 of paragraph 3.8 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3], the abbreviation "SPK" shall be replaced with the words "adjacent system";

• subparagraph 3.8.3 of paragraph 3.8 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3] shall be worded as follows:

"3.8.3. In the event that the debit net position resulting from settlements in an adjacent system cannot be paid in GSRRT for at least one participant due to insufficient funds, the entire net position file is rejected by the GSRRT system. In this case, a response file of the corresponding format is generated indicating the non-zero missing amounts (positions) for one or several participants and sent via available communication channels to the adjacent system for settlement of net positions or resubmission after a certain period of time after the participant has ensured the necessary liquidity in the correspondent account to ensure final settlements.";

• subparagraph 3.8.5 of paragraph 3.8 [https://cbd.minjust.gov.kg/301175/edition/1055886/ru#st_3] shall be worded as follows:

"3.8.5. Final settlement of participants' net positions in adjacent systems, including payment card settlement systems, is carried out on the basis of signed agreements and contracts, as well as in accordance with the internal procedures of the National Bank.".

1. The time for sending net position files is stipulated in bilateral agreements ↑