Question 1

What is İstanbul Takas ve Saklama Bankası?

Accepted Answer

İstanbul Takas ve Saklama Bankası, commonly known as Takasbank, is Turkey's central clearing, settlement, and custody bank for capital markets. The bank provides clearing and settlement services for securities transactions, acts as a central counterparty (CCP) for various markets, and offers custody services for investment and pension funds. Takasbank is majority-owned by Borsa Istanbul.

Takasbank operates critical financial market infrastructure including securities settlement systems, payment systems, and collateral management platforms. The bank also serves as Turkey's national numbering agency for securities, allocating ISIN and CFI codes.

Question 2

When was İstanbul Takas ve Saklama Bankası founded?

Accepted Answer

Takasbank traces its origins to 1992 when it was established as İMKB Takas ve Saklama A.Ş., a joint venture between the Istanbul Stock Exchange (İMKB) and its members. Prior to 1992, clearing and settlement services were provided directly by a directorate within İMKB from 1988.

The institution obtained a banking license in 1996, becoming İMKB Takas ve Saklama Bankası A.Ş. In April 2013, following the rebranding of Istanbul Stock Exchange to Borsa Istanbul, the bank's name was changed to İstanbul Takas ve Saklama Bankası A.Ş.

Question 3

Where is İstanbul Takas ve Saklama Bankası headquartered?

Accepted Answer

İstanbul Takas ve Saklama Bankası is headquartered at the Borsa Istanbul campus in Sarıyer İstinye, Istanbul. The bank moved to this location in 2016, situating it alongside other key capital market infrastructure institutions.

Question 4

Where does İstanbul Takas ve Saklama Bankası operate?

Accepted Answer

İstanbul Takas ve Saklama Bankası operates throughout Turkey, providing centralized clearing, settlement, and custody services for the Turkish capital markets. The bank's systems serve all participants in Borsa Istanbul markets and other authorized markets across the country.

Takasbank's services are accessed electronically by banks, brokerage firms, and other financial institutions nationwide. The bank's infrastructure supports the entire Turkish securities market ecosystem.

Question 5

What services does İstanbul Takas ve Saklama Bankası offer?

Accepted Answer

İstanbul Takas ve Saklama Bankası provides comprehensive clearing and settlement services for equity markets, debt securities markets, derivatives markets, precious metals markets, and foreign exchange swap markets. The bank operates as a central counterparty (CCP) for multiple markets, managing counterparty risk and ensuring settlement completion.

Services include securities custody, collateral management through the Public Collateral Management Platform, cash clearing for energy markets (EPİAŞ natural gas, futures electricity, and renewable energy markets), and pension fund trading platform (BEFAS) services. The bank operates specialized systems including the Gold Transfer System, TaşıtTakas (Vehicle Transfer System), TapuTakas (Real Estate Title Deed Transfer System), and Takasbank Cheque Clearing System.

Takasbank also provides securities lending market services, equity-based crowdfunding escrow services, and blockchain-based transfer platforms including BiGA Digital Gold. The bank maintains a securities settlement account with the Central Bank of Turkey and provides both cash and non-cash credit mechanisms to support settlement.

Question 6

What makes İstanbul Takas ve Saklama Bankası unique?

Accepted Answer

İstanbul Takas ve Saklama Bankası is Turkey's sole central securities depository and clearing institution for capital markets. The bank is designated as a qualified central counterparty (QCCP) by the Capital Markets Board and has applied to ESMA for recognition as a third-country CCP.

Takasbank operates the R&D Center designation, reflecting its innovation in financial technology. The bank pioneered blockchain technology in Turkish finance with its TaşıtTakas and BiGA Digital Gold platforms, and was designated by the Central Bank to execute real estate title deed transfer transactions.

Question 7

What type of financial institution is İstanbul Takas ve Saklama Bankası?

Accepted Answer

İstanbul Takas ve Saklama Bankası is a specialized Takas ve Saklama Bankası (Clearing and Custody Bank), a unique category in Turkish banking that focuses on post-trade infrastructure services. As a non-deposit-taking investment bank, Takasbank operates under specialized regulations governing clearing houses and central counterparties.

The bank is supervised by multiple regulatory bodies including the Banking Regulation and Supervision Agency (BRSA), Central Bank of Turkey (CBRT), Capital Markets Board (CMB), and Borsa Istanbul. It holds operating licenses as both a securities settlement system operator and payment system operator from the CBRT.

İstanbul Takas ve Saklama Bankası

in Turkiye 🇹🇷

Crypto-Friendliness

All done!

About İstanbul Takas ve Saklama Bankası in Turkiye