|Equities||Corporate bonds||Government bonds|
|Main trading venue||BSE||BSE||MTS Hungary|
|Main clearing venue||KELER||KELER||KELER|
|Settlement and custody||KELER||KELER||KELER|
HUF 5,000 for OTCs, the buyer’s price prevails.
No tolerance limit for trades on the stock exchange.
There is a market penalty only for on-exchange transactions.
Default fee, charged in case of securities or cash non-performance on settlement date (SD) after 2.00pm: HUF 40,000 to be paid to the CSD and HUF 60,000 to be paid to the CCP.
Non-performance fee, charged in case of securities non-performance on SD after 2.00pm: scaled depending on the value of the failed trade. Fee between HUF 300,000 and 1,000,000 per day.
Non-performance surcharge, charged in case of securities non-performance after SD 4.00pm: twice the National Bank of Hungary base rate.
There is a buy-in process only for on-exchange transactions that the CCP will start on SD+2 in case the securities are not delivered by the defaulting member.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
We are a top-rated securities services provider in Hungary with the expertise of a leading global custodian and are the only bank locally to have ISAE 3402 certified operations.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
BNP Paribas Securities Services Hungary was established in 2008 as a full branch of BNP Paribas Securities Services. BNP Paribas has been a top 10 banking group since 1978, now holding 3 banking licenses in Hungary, with over 600 employees.
For more information, please contact your relationship manager or
Andrea Retai, Head of Sales and Relationship Management