Hungary: SDR daily penalty system limitation for domestic transactions


Clearstream Banking1 would like to inform customers that effective


due to some system limitations, for Hungarian domestic transactions, the daily penalties are only visible in Xact Web Portal. The MT537 reports on daily penalties from 2 May 2022 onwards for these instructions cannot be sent to customers until further notice.

Impact on customers

There will be no daily penalty MT537 message sent to customers until further notice.

In the meantime, customers should check their domestic market Hungarian penalties in Xact Web Portal.

Clearstream Banking will inform customers once it knows when the missing daily MT537 message will be sent.

Further information

For further details, please contact Clearstream Banking 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 Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.