|Equities||Corporate bonds||Government bonds||Derivatives|
10 TRY for equities only.
If a member fails to settle an equity trade by 4.45pm on settlement day but the default is covered after the deadline, then the default payment is calculated on the prevailing market overnight interest rate. For fails settled after 5.30pm on SD, this penalty payment is tripled.
If securities or cash obligations are not fulfilled before 4.45pm on settlement day (T+2 for BIST equities market and T+0 for bonds and bills market), Takasbank initiates the default procedure. Participants need to cover by T+3 until 9.30am.
For debt market obligations that were not settled on value date, BIST executes buy-in/sell-out operations.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Securities services in Turkey are provided by TEB, combining the international expertise of TEB’s main shareholder BNP Paribas and TEB’s local proximity. During the past 10 years, we have extended the scope of our post-trade services to include listed derivatives services and collateral management.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
The BNP Paribas group has been providing custody services in the Turkish Market since 1996. TEB Securities Services was created in 2007 as a business unit of TEB, one of the leading local banks in Turkey. Today, a team of 17 professionals deliver custody solutions to domestic and foreign financial intermediaries.
For more information, please contact your relationship manager or
Ertunc Gurson, Head of Location