Creation Link Guide - Turkey

23.11.2017

Key features

Yes/NoRemarks
Settlement free of paymentYesPlease refer to ‘Settlement services – Turkey (Specific settlement rules / settlement restrictions) for important market-specific requirements. Internal transfer securities free (type 31) instructions, i.e. deliveries without matching receipts are not allowed for Turkish securities.
Settlement against paymentYesPlease refer to ‘Settlement services – Turkey (Specific settlement rules / settlement restrictions) for important market-specific requirements. Eligible settlement currency (external instructions): Turkish Lira (TRY). Internal transfer securities free (type 31) instructions, i.e. deliveries without matching receipts are not allowed for Turkish securities.
Bridge settlementNo 
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYesRefer to the Market Profile.
Pre-matchingYes 
Back-to-back processingYes 
AllegementsNo 
Automatic compensationNo 
Registered securitiesYesRegistration takes place automatically upon settlement.
Multi Market SecuritiesNo 
Lending and borrowingNo 
Proxy votingYes 
Investment FundsYesETFs, investment trusts (closed-end investment funds), hedge funds, money market funds only.
Investment funds admitted to Takasbank’s TEFAS platform (Türkiye Elektronik Fon Alım Satım Platformu) are not CBL eligible.
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesYesBonds only. Refer to the CmaX Product Guide.
Market restrictionsYesRefer to Investment Regulation.
FTTNo 
FATCA GIINYesJGXS32.00000.LE.792
Type of linkCSD or settlement method
Indirect link, account operated by Türk Ekonomi Bankası A.S.Central Registry Agency