Dear Client,
Please be informed that Wednesday, 20 August 2014 will be a national holiday in Hungary and banks, KELER, KELER CCP, BSE, BÉTa MTF and MTS Hungary will be closed. Trading on BSE and on MTS Hungary will not be possible on this day, as well as no clearing and settlement will take place.
The following settlement schedule will be valid for standard T+3 settlement cycle:
|
August 2014 |
||||||
|
Mon |
Tue |
Wed |
Thu |
Fri |
Sat |
Sun |
|
11 |
12 |
13 |
14 |
15 |
16 |
17 |
|
T1 |
WE |
WE |
||||
|
18 |
19 |
20 |
21 |
22 |
23 |
24 |
|
T2 |
T3 |
H |
S1 |
S2 |
WE |
WE |
|
25 |
26 |
27 |
28 |
29 |
30 |
31 |
|
S3 |
||||||
T - trading day, S - settlement day, H - holiday, WE - weekend day
MTS Hungary is the main market for the Hungarian government bonds and follows the same holiday calendar as BSE. The settlement cycle for fixed income securities on both BSE and MTS Hungary is T+2, while for equities it is T+3. OTC settlement usually follows the stock exchange settlement cycle, however the counterparties may agree on a different settlement date bilaterally.
Impact on investors: The above holiday will impact the investors' ability to perform trading, clearing, settlement and cash payment activities in Hungary.