National Bank of Hungary definition

National Bank of Hungary means Magyar Nemzeti Bank, the central bank of Hungary or any other entity which, from time to time, acts as a central bank of Hungary, as the case may be;
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National Bank of Hungary. ’ means the National Bank of Hungary or any other entity which, from time to time, acts as a central bank of the Republic of Hungary, as the case may be;
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Examples of National Bank of Hungary in a sentence

  • The interest premium change index and the calculation methodology are published by the National Bank of Hungary.

  • Supervisory authority: Magyar Nemzeti Bank (National Bank of Hungary – H-1054 Budapest, Szabadság tér 9); financial customer services: H-1013 Budapest, Krisztina krt.

  • The National Bank of Hungary granted a grace period of 12 month for the Hungarian commercial banks regarding the introduction of Strong Customer Authentication in case of card not present purchases with bankcards.

  • If the sender bank has received the order from the customer for same-day performance, the bank shall submit it to the National Bank of Hungary (MNB) within 2 hours of receipt of the order but no later than the RTGS deadline specified for the receipt of customer orders, while also providing the appropriate coverage.

  • Accordingly, in line with the relevant legal regulations and the provisions of the National Bank of Hungary the Bank has issued special regulations aimed at the prevention of money laundering.

  • Monetary assets and liabilities denominated in foreign currencies are translated into HUF that is the presentation currency, at exchange rates quoted by the National Bank of Hungary ("NBH") as at the date of the separate financial statements.

  • On the current amount of any debit balance generating in the Hungarian forint current account due to the delayed payment or non-payment of the accountholder, the Bank shall charge a default interest equalling the base rate of the National Bank of Hungary + 7% p.a. from the date of the default (calculated on a 365/360 basis).

  • Conversion to the Fund’s valuation currency shall always be made at the middle rates of exchange of the National Bank of Hungary or at the cross exchange rates counted from them.

  • Service Provider informs the User, and User expressly acknowledges that the inter-bankcard money transfer and transaction services are not done by Service Provider, these are provided by OTP Bank Plc, in full possession of all MNB (National Bank of Hungary) authorisations and permits necessary under applicable law.

  • If the price of an investment is denominated in a foreign currency, or in the case of a foreign currency account balance, the fees will be determined on the basis of the quarter-end official foreign exchange rate of the National Bank of Hungary.

Related to National Bank of Hungary

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