All Electronic Letters of Guarantee Submitted as Tender Security Accepted within the scope of Law No. 4734 are Accepted from Takasbank Public Collateral Management Service Platform!

As known, as of 01 September 2021, electronic letters of guarantee submitted as tender security issued for procurements within the scope of Public Procurement Law No. 4734 have also started to be accepted on behalf of the contracting authorities based on full authomation in an electronic environment through “Takasbank Public Collateral Management Platform” that works integrated with Electronic Public Procurement Platform (EKAP) operated by Public Procurement Authority and Electronic Letter of Guarantee Platform (ETMP) operated by Credit Reference Agency.

As of 01 December 2022, processes regarding the issuance and submission of all electronic letters of guarantees submitted as tender security will be carried out via the Takasbank Public Collateral Management Platform (KTYP).

With this decision, after transition, all of the submission, follow-up, return and registration as revenue processes of the letter of guarantee, which is one of the most common and traditional products of the banking industry, will be carried out electronically between all Banks and contracting authorities. Thus, operational difficulties and costs will be eliminated and the communication between the Banks, contracting authorities and the tenderers will be provided electronically.

Our Bank, continues its efforts to expand its experience in collateral and risk management services in money and capital markets to include public institutions and organizations intensively with all its stakeholders, especially the Republic of Turkey Ministry of Treasury and Finance and the Public Procurement Authority.

We hope that the decisions taken to increase the functionality and use of the "Takasbank Public Collateral Management Service Platform" which we have put into practice on this occasion and our efforts in this direction will be beneficial for our country's economy.

We respectfully present it to the information of the public.