Hungary: Implementation of new settlement system with T2S functionalities
Effective
Monday 3 July 2017
KELER will implement its new settlement system, BaNCS, to introduce T2S functionalities and related services to customers following T2S implementation in February. BaNCS will replace the existing settlement system and allows domestic participants to operate in a T2S environment with a new account management system.
Please see the PDF attached below for further information.
Further information
For further information, please contact Clearstream Banking1 Client Services or your Relationship Officer.
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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.
