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Takasbank has become a model institution reputable in international markets due to its strong position in Turkey and its cross-border activities.
Takasbank actively participates in international organizations of which it is a member due to its fields of activity and thus contributes to the development of international securities services. Takasbank also constitutes a model for the countries of the region with the services it offers.
Compliance with the Recommendations and Standards Relating to International Settlement and Custody Issues
A number of standards and recommendations have been devised with respect to settlement and custody issues in order to enable the countries being the participants of the global economy to develop their capital markets, especially their settlement and custody systems and comply with international capital markets.
“EU Directive for the Finality of Settlement in Payment and Securities Settlement Systems”, “Standards for Securities Settlement in the EU”, “Best Practices for the Development of Settlement and Custody Systems in Transition Economies”, CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties, ISSA Recommendations, G-30 Recommendations, Giovanni Barriers and recommendations for eliminating Giovanni Barriers are among the best known and widely used standards and recommendations.
Within the framework of compliance of Turkish capital markets with international capital markets, Takasbank applies all international standards relating to securities settlement and custody systems starting with legal framework, operational reliability, operational efficiency and transparency, settlement principles, settlement hours, protection of customer values and regulation-supervision; and thus complies with all recommendations.
Relations with the Regional Capital Markets
Takasbank offering securities services in international standards is an institution, which is being followed with interest by the countries, which surround Turkey, called upon for its experiences and taken as a model.
Since its inception, Takasbank strived to carry its support for the development of Turkish capital markets also to the other developing countries. In this context, Takasbank is providing trainings to experts from Balkan countries, Turkish Republics and other surrounding countries in this region, performs mutual visits and implements joint study programs. |
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