Hungary targets forint entry into CLS


The Magyar Nemzeti Bank (MNB), Hungary's central bank, has committed itself to bringing the Hungarian forint into the universe of currencies settled by foreign exchange risk mitigation utility CLS, sister publication FX Week has learned.

The MNB is understood to have submitted an official letter of intent to CLS earlier this month, and it is expected that the due diligence process will begin in early February with meetings between CLS and MNB officials in Hungary.

"We are in active and respectfu

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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: