KELER, the Hungarian CSD, has announced that in relation to its KSDP (Keler Service Development Program) program the first IT connectivity tests will be launched as of 12 April 2021. The purpose of this testing session is to monitor and assess the communication channels between the CSD’s system and its direct participants. This exercise is not aimed to test the business procedures and the successful booking of instructions, however market participants are expected to submit at least one FOP instruction.
CSD participants which successfully meet the requirements of the connectivity tests will be approved to take part in the next round of market tests that will focus on the business processes expected to be launched in June 2021.
UniCredit Hungary is prepared to take part in the IT connectivity tests as well as in the market acceptance tests in order to meet the requirements of the enhanced KELER system.
Impact on investors: No direct impacts on clients. The KSDP program of KELER proceeds as planned, the first round of connectivity tests will be followed with business process tests in June 2021. The launch of the new KELER system is expected in Q4 2021.