Custody System Implementation – Update on Issues

UniCredit Bank Hungary Zrt.
Summary: 
Communication issues ongoing following implementation of new custody system over the weekend.
Mon, 13/03/2023

Please be advised that, following the implementation of our new custody system (BaNCS) over this past weekend, communication issues experienced by UniCredit Hungary remain.
Our local and group IT support teams are working to resolve these issues with top urgency. The issue may have caused delays in instructions and confirmation processing, however the impact on today’s settlement is under investigation.
As soon as any new information is received, we will be sure to provide further updates.
We apologize for any inconveniences caused.


Impact on investors: Communication issues persist, settlement instructions were processed with delay. Impact is under analysis.