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KELER Homepage :: Account Maintenance :: Cash account

Cash management



KELER maintains cash account in Hungarian Forint for investment firms and brokerage companies that are members of KELER. In special cases accounts can be opened for institutions of other types (e.g. yield account for issuer for corporate actions with payment).

The cash account in HUF is primarily for the financial settlement of transactions made on the stock exchange and other securities transactions, additionally the standard basic payment orders – e.g. payment orders in Giro and VIBER systems - can also be executed on this account.

KELER pays interest for the HUF balance of the account.

KELER is entitled to keep cash accounts in HUF for credit institutions for the purpose of making collateral; however, as a result of its clearing house function KELER as a third party settles DVP (Delivery Against Payment) and other capital market transactions whereby financial settlement involves the cash accounts of credit institutions kept by the National Bank of Hungary.

KELER maintains accounts in 35 foreign currencies to support international and other settlement of foreign currency based transactions and to receive yield payments of foreign securities for its members and provides foreign exchange conversion (FX) services in the main currencies.


More details

Please contact our Client Service between 9:00 hrs and 15:00 hrs from Monday to Friday if you are interested in our services.

Tel: + 36-1-483-62-40
Mobile: +36-30-481-43-31
E-mail: ugyfszmunk@keler.hu


Related downloadable document

BANK ACCOUNT CONTRACT NO. 19/2008