Custody/clearing  
BNP Paribas Securities Services    
CITI    
DEUTSCHE BANK    
UNICREDIT    
 
 
HUNGARY - Capital Market Infrastructure Summary

Central Securities Depositories
KELER

Central Counterparties
KELER CCP Ltd.
Central Clearing House and Depository Budapest

BIS Model
Model 3

Settlement Cycle
T+2

T2S
KELER is set to migrate to T2S in the third wave, scheduled for 12 September 2016.

Comment
KELER acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds.

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 3
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.