Further update on communication issues between UniCredit Hungary GSS and CSD

UniCredit Bank Hungary Zrt.
Thu, 18/11/2021

With reference to our newsflashes sent to you on the 17th of November 2021 on the above subject, we would like to inform you that the slowdown in communication between KELER, the local CSD, and UniCredit Bank Hungary continues, which may result in possible delays in the settlement of securities transactions today.

However, based on experience to date, we expect that the booking of securities will be made in good order.

Our team is working on resolving the problem and we will keep you posted on further developments.

We apologise for any inconvenience this may be causing.

Impact on investors:  UniCredit Hungary GSS continues to have communication issues with the CSD, but settlements are expected to be processed as per the usual procedure.