Bank Holiday Reminder

Hungary
UniCredit Bank Hungary Zrt.
Summary: 
Saturday, 10 March 2018 will be a bank holiday for UniCredit Bank Hungary
Thu, 15/02/2018

 

UniCredit Bank Hungary Zrt. will have a bank holiday for accounting and cash services on Saturday, 10 March 2018, while in Hungary this day will be a substitute working day replacing the bridge holiday on Friday, 16 March 2018.

On 10 March 2018, Budapest Stock Exchange will be closed for trading, while the Hungarian CSD KELER and the cash clearing systems will be operational, so OTC settlement and payment flows via the RTGS VIBER and IG2 systems will be possible.

UniCredit Bank Hungary’s head office and branches will be closed on 10 March 2018 and no services will be provided.

 

I. Global Securities Services (GSS):

  • SWIFT Messaging:

Incoming messages: MT5xx messages will be received on Saturday, 10 March 2018 however will be executed only on Monday, 12 March 2018.

Outgoing messages: No MT5xx messages will be released on 10 March 2018.

End-of-day (EOD) messages/statements: MT53x EOD messages for Friday, 9 March 2018 will be sent as usual (i.e. at the latest in the early morning hours of 10 March 2018). Since there will be no banking operations on 10 March 2018, no EOD messages will be sent for this day.

  • Settlement:

UniCredit GSS Hungary will not be processing MT5xx securities settlement instructions with settlement date 10 March 2018 and will not be forwarding any instructions to KELER, nor will it update any trade statuses on this day.

  • Corporate Actions, Proxy Voting and Income Collection:

No processes related to corporate actions, proxy voting and income collection will be carried out on 10 March 2018.

  • Client Servicing and Relationship Management:

All staff engaged in client servicing and relationship management will be out of the office on 10 March 2018.

Impact on Clients: UniCredit GSS Hungary will not be providing settlement, corporate actions, proxy voting, income collection, client servicing and relationship management services on Saturday, 10 March 2018, which is otherwise a substitute working day in Hungary.

 

II. Cash Transactions Services

  • Incoming Payments:

All payments received via VIBER / IG2 on 10 March 2018 will be credited with value date 12 March 2018.

  • Outgoing Payments:

No outgoing payments will be processed on or with value date 10 March 2018.

  • Book Transfers:

No book transfers will be processed on or with value date 10 March 2018.

  • Reporting:

EOD messages for Friday, 9 March 2018 will be sent as usual (i.e. at the latest in the early morning hours of 10 March 2018). Since there will be no banking operations with value date 10 March 2018, no EOD messages will be sent for this day.

  • Client Servicing & Relationship Management:

All staff engaged in client servicing and relationship management will be out of the office on 10 March 2018.

Impact on Clients: UniCredit Bank Hungary will not be executing incoming / outgoing payments sent via VIBER / IG2 for value date 10 March 2018. All payments sent to UniCredit Bank Hungary on 10 March 2018 and for value date 10 March 2018 via VIBER / IG2 will be executed with value date 12 March 2018.

 

III. Treasury Services:

UniCredit Bank Hungary will be closed for treasury activities on and for value date 10 March 2018.

Impact on Clients: No transactions (including MM, FX, swap, etc.) can be executed with UniCredit Bank Hungary as counterparty on trade date 10 March 2018 and for value date 10 March 2018.