Reporting

OPEN Reporting System

The OPEN Reporting system assists financial institutions in fulfilling their mandatory data-reporting obligations.

The key functions and features of this application, which is specially designed to prepare reports in the formats specified by the NBH, the HFSA and other supervisory bodies, are as follows:

• Preparation of data-provision reports in the predetermined formats
• Internal and external data reporting
• Reconciliation of data reports
• Flexible management of expanding range of required data
• Flexible and configurable modules
• Standard interface connections
• Suitable for integration with other internal and external applications

Besides the provision of data to the NBH, the HFSA and the various other supervisory bodies, the OPEN Reporting system also fulfils internal data provision and reporting functions.

Main areas of data reporting

The National Bank of Hungary (NBH), as the authority supervising and regulating financial transactions, stipulates the mandatory provision of data by financial institutions, for the purposes of monitoring compliance with its regulations.

Data provided to the NBH:

• Securities inventory reports
• Securities transactions reports
• Securities account-balance reports
• Payments reports
• Cash-account balance reports
• Forex transactions reports

The range of data provided to the HFSA, and the way it is supplied, is determined by the various Finance Ministry decrees.

• Reports on depositors
• Securities account balance reports
• Stock-exchange transactions reports
• Investment services reports

The internal reporting functions assist institutions in determining the efficiency of their operations, their market position and other performance indicators.

The OPEN Reporting system connects to other internal and external systems via a standardised interface.

The Reporting application is a modular system with a client-server architecture and a user-friendly graphical interface, and can be flexibly developed to suit a wide range of user requirements.

The protection of the system in terms of access and authorisation is ensured on multiple levels, partly by leveraging the opportunities offered by the applied technologies and partly by utilising the supplied application-level protection devices.

KELER (Central Clearing House and Depository Budapest) Ltd.