Securities trading - Hungary

26.03.2015

Eligible securities are dematerialised, immobilised or held in physical form but in all cases transferred via book-entry in KELER Ltd's system. Since 1 January 2005, all publicly issued securities have been dematerialised. However, according to the Civil Code effective since 15 March 2014, private limited companies may issue their shares in either physical or dematerialised form in line with their purposes. Physical transfer of securities is available upon request.

Key market-tradable securities

Denomination currencyMaturity
profile
Interest
rate
Interest/Dividend
payment frequency
Place of settlementForm
Corporate Bonds
HUF1 to 10 yearsFixed and variable--Dematerialised bearer or registered
Government Bonds
HUF1 to 10 yearsFixed and variable--Dematerialised bearer
Treasury Bills
HUF1 yearDiscount--Dematerialised bearer
Equities
HUFNot applicable---Dematerialised or physical; mostly registered
Investment funds
HUFNot applicable---Dematerialised bearer