Hungary: Implementation of new settlement system with T2S functionalities



Monday 3 July 2017

KELER will implement its new settlement system, BaCNS, to introduce T2S functionalities and related services to customers following T2S implementation in February. BaCNS 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.

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.