Keler Taps SIX for Settlement and Custody Services

budapest
Hungarian Central Securities Depository Keler signs SIX Securities Services for global settlement and custody.

Swiss post-trade services provider SIX Securities Services has signed an agreement with Hungarian central securities depository (CSD) Keler to optimize Keler’s international settlement and custody capabilities.

Owned by the Central Bank of Hungary and the Budapest Stock Exchange, Keler aims to enhance its cross-border settlement efficiencies and asset servicing capabilities in a competitive post-trade environment.

"With European securities settlement engine T2S on the horizon, bringing with it significant implications for CSDs across Europe, this is an important step in establishing SIX as one of the three main providers of cross-border services at an infrastructure level in Europe," says Thomas Zeeb, CEO of SIX Securities Services.

 

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