CLS sets go-live date for Hungarian forint

It will be the 18th currency settled via the clearing house

Danube in Hungary
Hungary: forint has 0.4% of the $5.3 trillion-a-day FX market

CLS and the Hungarian National Bank (MNB) have set November 16 as the go-live date for the forint's inclusion in the universe of currencies settled through the risk mitigation utility.

Prior to the launch, more tests will be carried out. In addition to the account management service provided to non-resident banks, access to the CLS system by resident banks will need to be developed.

"Generally, we can say the project of including the forint continues its progress according to plan. The diligence

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: