New Tolerance Limits at KELER

UniCredit Bank Hungary Zrt.
KELER announcement on new tolerance limits
Thu, 13/01/2022

KELER, the Hungarian CSD, has announced new tolerance limits for settlement-, applicable from 5 January 2022. As per KELER’s Depository Announcement No.9-20 on the Detailed Presentation of Orders, (effective as of 6 December, 2021), tolerance limits are used in tiers:  for settlement amounts up to EUR 100 000 it is EUR 2, for settlement amounts exceeding EUR 100 000 it is EUR 25, or equivalent currency amounts.

Based on the exchange rates published by the European Central Bank on 31 December 2021, the new tolerance levels will be the following:

Impact on investors:  Clients should take note of the new tolerance limits for settlement in Hungary