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Keler could join T2S pan-European settlement system next year

EU

Hungarian clearing house Keler may join the Target2-Securities system, a pan-European platform for securities settlement, in September 2016, Keler told Hungarian news agency MTI today.

Keler could join T2S in parallel with the accession of its German and Austrian peers.

The system has already been adopted in Greece, Italy, Malta, Romania and Switzerland since its launch this summer. All European Union member states are expected to use the system from February 2017.

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