STH Consultations

Over the past few months, we have held numerous one-to-one consultations regarding the T+1 transition. If your organization would also benefit from such a discussion, we would be pleased to hear from you.

Below is a summary of the most common questions and topics raised during these meetings:

• Audit and regulatory expectations
  • Following consultations with a law firm, our understanding is that the STH service will not require a separate authorization or audit by the Central Bank of Hungary (MNB). To confirm this, we are preparing to request an official statement from the MNB.
  • The financial institution environment and, where applicable, the STH Client running within it must comply with the standard supervisory expectations of the MNB, just like any other software deployed in such environments. Guidance Plc. already supports numerous applications operating in banking environments.
  • Our company has already concluded DORA-compliant agreements with several banks in connection with other software solutions.
  • An independent security audit will be carried out for the entire STH platform.
  • Our company holds ISO 27001, ISO 9001 and NIS2 certifications.
• International participation
  • The STH solution is not limited to Hungary. We are open to cooperating and contracting with international market participants. If you have such a requirement or recommendation, please let us know.
• Participant onboarding
  • Based on previous surveys and discussions, we believe the STH solution is widely accepted and considered valuable by market participants. Most organizations are willing to join, provided that a significant number of other institutions also participate.
• Technical specification
  • The API specification for connecting to the STH Server will be published soon.
• STH Client
  • Most participants have expressed interest in using the STH Client module, which can significantly shorten implementation time and reduce integration costs.
  • The STH Client also provides a practical workflow for message handling, making Back Office processes simpler, more transparent, and easier to manage.