Securities trading - Turkey

06.09.2019

Key market-tradable securities

Denomination currencyMaturity
profile
Interest
rate
Interest/Dividend
payment frequency
Place of settlementForm
Government bonds
TRYMore than
1 year
Fixed or variable

Annual, semi-annual or quarterly

MKKa

Book-entry

(dematerialised)

Revenue-indexed government bonds
TRY90 or 180 daysVariableSemi-annualMKKa

Book-entry

(dematerialised)

Treasury bills
TRYLess than
1 year
Fixed at discountAt maturityMKKa

Book-entry

(dematerialised)

Liquidity bills
TRYLess than
91 days
Fixed at discountAt maturityMKKa

Book-entry

(dematerialised)

Corporate bonds
TRY

More than 2 years

Fixed or variableAnnual or semi-annualMKKa

Book-entry

(dematerialised)

Equities
TRY--Generally annualMKKa

Book-entry

(dematerialised)

a. Depending on the transaction type (OTC, BIST, free of payment, against payment) settlement completion may involve Takasbank and/or the CBRT in addition to the MKK.

Trading platform

All securities listed at the BIST are traded on the Borsa’s BISTECH platform.