Kinematic power corrections in off-forward hard reactions

We develop a general approach to the calculation of kinematic corrections ~t/Q^2, ~m^2/Q^2 in hard processes which involve momentum transfer from the initial to the final hadron state. As the principal result, the complete expression is derived for the time-ordered product of two electromagnetic currents that includes all kinematic corrections to twist-four accuracy. The results are immediately applicable e.g. to the studies of deeply-virtual Compton scattering.