Substitute working day

UniCredit Bank Hungary Zrt.
Summary: 
Saturday 12 December 2020 will be a substitute working day in Hungary
Wed, 09/12/2020

As previously announced, 24 December (Christmas Eve) will be a public holiday in Hungary, and 12 December is set as extra working day in the market, replacing Thursday 24 December 2020 .

On 12 December 2020 the banks, KELER (CSD) and KELER CCP will be open. UniCredit Bank Hungary and both KELER and KELER CCP are operating with shortened deadlines. As a result, UniCredit Bank Hungary will accept client instructions for same day settlement on this day until 12:30 p.m. CET.  On this day trading on the Budapest Stock Exchange or on the MTS Hungary Platform will not be possible therefore no clearing will take place


Impact on investors: All banks, KELER, KELER CCP will be open on the substitute working day 12 December 2020, operating with shortened deadlines, however trading on the Budapest Stock Exchange or on the MTS Hungary Platform will not be possible, no clearing will take place.