Hungary: New settlement system postponed
Further to Announcement A17081, dated 26 May 2017, Clearstream Banking1 informs customers that the Hungarian CSD, KELER, has announced that the new Settlement system BaNCS introducing T2S functionalities scheduled to be implemented for 3 July 2017, has been postponed.
A revised timetable for the new implementation date is not yet available.
We continue to monitor the situation in the Hungarian market and will provide further information as it becomes available.
For further information, please contact Clearstream Banking1 Client Services or your Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for CBF customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.