30
Location
Budapest, Hungary
Web site
Founded
2008
AFM Member since
1998
KELER Ltd., the parent company of KELER CCP Ltd., is the founding member of AFM.
Management
• Zsolt Selmeczi-Kovacs, dr., Chairman
• Karoly Matrai, CEO
• Tamas Horvath, COO
AFM Contact Person
Karoly Matrai
Type of Institution
Central Counterparty and General Clearing Member
Trading or service
offering
KELER CCP is a central counterparty licensed under EMIR acting on both the capital markets and
energy markets in Hungary and across Europe. It provides clearing services for a broad range
of asset classes including securities, exchange-traded derivatives, foreign exchange derivatives,
commodities, energy products, etc.
Main products
Stock exchange and energy market-related clearing and settlement services of the KELER Group
include account keeping, record keeping and financial settlement of daily on-exchange and OTC
transactions, collateral management, guarantee undertaking and reporting services under EMIR and
REMIT. These activities of KELER Group are shared between KELER, the central securities depository,
and KELER CCP, the central counterparty, in a way that KELER CCP provides clearing services and
ensures the smooth and safe settlement of the markets through its guarantee system and Clearing
Membership requirements, while KELER creates the technical conditions for the settlements.
Market capitalisation (USD)
Exchange partnerships
In the role of Central Counterparty:
• Budapest Stock Exchange (BSE)
• BETa Market (operated by BSE)
• MTS Hungary (operated by EuroMTS Ltd.)
• Trading Platform (Hungarian Gas Balancing Platform, operated by FGSZ Földgázszállító Ltd.)
• Central Eastern European Gas Exchange (CEEGEX)
• Romanian Commodities Exchange (BRM)
KELER CCP Ltd.
