Custody/clearing  
AKBANK    
GARANTI BANK    
TURKIYE IS BANKASI    
 
 
TURKEY - Capital Market Infrastructure Summary

Central Securities Depositories
CRA
Takasbank

Central Counterparty
Takasbank

BIS Model
Model 1: Transactions between direct and indirect participants (i.e. broker-to-custodian)
Model 3: Exchange transactions between direct participants

Settlement Cycle
T+2 for Equities
T+0 for Bonds

Comment
Central Registry Agency (CRA or MKK in Turkish) acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants. Takasbank acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 1
BIS Model 3
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.