Change in the group of primary dealers

There has been a change in the group of primary dealers of Hungarian government securities as of July 4, 2005. The primary dealer membership of Dresdner Bank (Hungaria) Rt. has been taken over by Dresdner Bank AG (DE-60301 Frankfurt am Main, Jürgen Ponto Platz 1.) as legal successor.

With the above mentioned change the list of primary dealers is the following as of July 4, 2005:

1. CIB Közép-Európai Nemzetközi Bank Rt.

2. Citibank Rt.

3. Deutsche Bank Rt.

4. Dresdner Bank AG

5. ERSTE Bank Befektetési Magyarország Rt.

6. HVB Bank Hungary Rt.

7. ING Bank Rt.

8. Kereskedelmi és Hitelbank Rt.

9. Magyar Külkereskedelmi Bank Rt.

10. Országos Takarékpénztár és Kereskedelmi Bank Rt.

11. Magyar Takarékszövetkezeti Bank Rt.

Budapest, July 4, 2005



    HGB and T-bill calculator
    Date: settlement date; minimum value: 01-01-2003; the date on which securities must be delivered and paid for to complete a transaction
    Type: DKJ - discount treasury bills, KTV - treasury bonds
    Convention: calculation method: ISMA (Act/Act) or EHM (Act/365 No Leap)
    Security: T-Bond or T-Bill denominated in HUF
    Yield %: yield to maturity, the percentage rate of return paid if the security is held to its maturity date
    Clean Price %: net present value of selected security, if it is not the input field, then = gross price% - acc. interest%
    Acc. Interest %: the amount of interest accumulated but not paid between the issue date or most recent payment and the settlement date
    Gross Price %: present value of selected security, if it is not the input field, then = clean price% + acc. interest%
    Face Value: optional positive integer value, Net Price, Acc. Ineterst and Gross Price will be recalculated
    Net Price: Clean Price% * face value
    Acc. Interest: Acc. Interest% * face value
    Gross Price: Gross Price% * face value