Payment Systems Report 2014

Published by the Magyar Nemzeti Bank Publisher in charge: Eszter Hergár H-1054 Budapest, Szabadság tér 9. www.mnb.hu

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Glossary

5.3 Risks arising from the unregulated nature of virtual instruments usable for payment

4.5 Impact of the changes in the banking system’s market structure on payment systems

4.6 Impact of changes in the payment system membership

5.2 Introduction of the forint into the Continuous Linked Clearing and Settlement model

5.4 Developments related to mobile payments

4.4 Fails in the securities clearing and settlement system

4.3 Potential impact of the transformation of MNB bills on payment systems liquidity

3.2 Possibilities for transforming the pricing of the retail payments clearing system

2.1 Development of payment methods and instruments

4.2 Impact of the Funding for Growth Scheme on payment system liquidity

2.5 Organisational and structural transformation of the KELER Group

2.6 The last key actor in the payment and clearing infrastructure has been brought under national ownership

4 Factors affecting the liquidity of payment and securities clearing and settlement systems

and financial infrastructures in Hungary

4.1 Impact of intraday clearing on the liquidity of systems

4 Developments in Hungarian and international regulation affecting payments

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