Janos Toth's Contact Details

Janos Toth's Company Details

KELER Group

Budapest, , Hungary • 51 - 200 Employees
Financial Services

KELER Ltd. founded in 1993 is owned by the National Bank of Hungary and the Budapest Stock Exchange. Together with KELER CCP Ltd. (jointly: KELER Group) they form the infrastructure that facilitates the seamless operation of the domestic capital and energy markets. As the sole central securities depository in the Hungarian capital market KELER provides the infrastructure for the issuance of Hungarian securities, for the settlement of securities transactions. In addition to the management of securities accounts for capital market intermediaries this includes the origination of dematerialized securities in line with strict security requirements and the issuance of central security codes. The standard management of corporate actions is also part of the central securities depository function. Besides the share registry management services offered to domestic issuers and other ancillary (e.g. dividend payment, transformation into dematerialized securities) services, KELER as custodian also offers cross-border securities clearing products. As of 1 January 2013 KELER CCP operates as a clearing house in charge of clearing the turnover of the Budapest Stock Exchange, the OTC market, the NFKP and CEEGEX; additionally, as a general clearing member it serves its customers in the HUPX Hungarian Power Exchange and the major European energy exchanges (EPEX, EEX, CEGH). KELER CCP supports the management and the development of existing and new products in the Budapest Stock Exchange stock market and MTF markets and since 2012 it provides services related to the MTS market operated by EuroMTS. For its energy market non-clearing members the KELER Group extended its services to the largest power and gas exchanges of Western Europe, such as EPEX SPOT, EEX, PXE and CEGH.