Dear Clients,
We have already informed our Energy market Non-clearing member clients about changes affecting the GCM business line of KELER CCP.
As outlined in the communication, BÉTx Pénzügyi Zrt. (BÉTx), a wholly owned subsidiary of Budapest Stock Exchange Plc (BSE), acting as an investment firm and an ECC-approved clearing member, plans to assume the client portfolio and contractual obligations of KELER KSZF through legal succession with the planned effective date of 16 November 2026. The entire operational process will continue to be managed by KELER CCP under an outsourcing agreement to be concluded between BÉTx and KELER CCP, under unchanged conditions from commercial, technical and service perspectives, in line with the current operating model.
The latest achieved milestone was the publication of BÉTx's governing documents (General Business Rules, Fee Schedule and Announcements), together with the release of the tailor made the Client Consent Letter on the 14 July, 2026 (subject of the email was: IMPORTANT - ACTION REQUIRED). To ensure the continuity of the service, please return your consent no later than August 25, 2026.
We are also happy to announce, that the final version of the Transition Agreement related to the transfer of client portfolio was signed by all participants (ECC, BSE, BÉTx and KELER CCP) on 30 July, 2026.
Work on the transition project is continuing as planned, with parallel workstreams moving forward according to schedule. Overall progress remains on track, and key project milestones continue to be met as planned.
In case of questions, please turn to us at
With best regards,
KELER CCP Ltd.