Client Information - On the termination of Teller service

Dear Clients,

This is to inform you that KELER will no longer provide Teller service from September 2018.

Currently KELER Teller services[1] to Clients are provided by UniCredit Bank as outsourced activity: Clients can use this service in Hungarian Forint only, in the branches of UniCredit Bank.

In January 2018, Section 27 of Government Order 172/2017 (VI. 29.) on the amendment of Government Orders relating to the financial intermediary system repealed the Government Order that required the mandatory provision of teller services.

Based on the termination of the legal obligation and on business considerations, the Management of KELER decided that Teller services will be terminated. Accordingly, cash delivery in and out and cash deposit related to the cash accounts kept by KELER will no longer be possible.

KELER modifies the General Business Rules to reflect the termination of this service. In line with MNB Orders 9/2009 (II.27.) and 10/2009 (II.27.), KELER offers the opportunity to Clients to learn about such modifications and make comments in the manner and until the deadline stated on the website.

Sincerely,
KELER Ltd.



[1] Based on Government Order 283/2001 (XII.26.) on the personnel-related, material, technical and security requirements for investment and commodity exchange services, safekeeping and custody of securities, and clearing house activities