TRANSACTION HOURS
BİAŞ SWAP Market | Hours | Half Hours |
---|---|---|
SETTLEMENT START TIME | 14:00 | - |
DEBT CLOSING DEADLINES TL | 17:45 | - |
DEBT CLOSING DEADLINES USD | 21:00 | - |
DEBT CLOSING DEADLINES EUR | 21:00 | - |
RECEIVABLE TRANSFER TIMES TL (TO TIC ACCOUNT) | 14:00-17:15 | - |
RECEIVABLE TRANSFER TIMES TL (TO CBRT ZK ACCOUNT) | 17:16-19:30 | - |
RECEIVABLE TRANSFER TIMES TL (TO FREE ACCOUNT NO.11) | 19:31-21:00 | - |
RECEIVABLE TRANSFER TIMES USD | 14:00-21:00 | - |
RECEIVABLE TRANSFER TIMES EUR | 14:00-21:00 | - |
VARIATION MARGIN (P/L) SETTLEMENT START TIME | 09:00 | 09:00 |
VARIATION MARGIN (P/L) DEBT CLOSING DEADLINE | 13:00 | 12:30 |
VARIATION MARGIN (P/L) RECEVIABLE DISTRIBUTION DEADLINE | 17:15 | 12:45 |
MARGIN RESTORATION DEADLINE | 13:00 | 12:30 |
Stock Operation Transaction Hours | Hours |
---|---|
WRITTEN SECURITIES TRANSFER INSTRUCTION | 14:45 |
CASH SETTLEMENT DEBT COVERAGE | 14:30 |
SETOFF INSTRUCTION FROM TB MM | 15:45 |
SETOFF INSTRUCTION FROM THE BONDS MARKET | 14:30 |
CUT-OFF TIME FOR TRANSFER TRANSACTIONS | 21:00 |
CUT-OFF TIME FOR THE EXCHANGE TRADED FUND TRANSACTIONS | 17:00 |
CUT-OFF TIME FOR THE RTG DvP SETTLEMENT TRANSACTIONS | 17:00 |
Takasbank Money Market (TMM) | Hours | Half Hours |
---|---|---|
TRADING HOURS | 09:30-15:30 | 09:30-11:30 |
FINAL ENTRY HOUR FOR SETOFF INSTRUCTIONS | 15:45 | 11:45 |
CLEARING HOUR (DEFAULT START TIME) | 16:00 | 12:00 |
DEFAULT INTEREST RATE RISING HOUR | 16:30 | 12:30 |
FINAL ENTRY HOUR FOR COLLATERAL DEPOSITING / WITHDRAWING VIA TAKASBANK MEMBER APPLICATIONS | 17:00 | - |
Cash Credit | Hours |
---|---|
FINAL HOUR FOR CASH CREDIT GRANTING | 17:00 |
FINAL HOUR FOR CASH CREDIT PAYMENT | 17:00 |
FINAL HOUR FOR INTRADAY CREDIT PAYMENT | 16:30 |
FINAL HOUR FOR CASH EXTENTION | 16:15 |
FINAL ENTRY HOUR FOR COLLATERAL DEPOSITING/WITHDRAWING | 17:00 |
Settlement Credit | Hours | Half Hours |
---|---|---|
FINAL HOUR FOR SETTLEMENT CREDIT GRANTING | 14:45 | 10:45 |
FINAL HOUR FOR SETTLEMENT CREDIT PAYMENT | 14:45 | 10:45 |
Debt Securities Market | Hours | Half Hours |
---|---|---|
FULFILLMENT OF CASH/SECURITY OBLIGATIONS CUT OFF TIME | 16:45 | 12:30 |
SECURITY ALLOCATION FOR REPO REPORTING CUT OFF TIME | 15:00 | 11:50 |
DEPOSIT COLLATERAL CUT OFF TIME | 18:15 | 12:45 |
WITHDRAW TL COLLATERAL CUT OFF TIME | 15:40 | 11:40 |
WITHDRAW OTHER COLLATERAL CUT OFF TIME | 19:00 | 12:45 |
SECURITY TRANSFER WITH ESTS CUT OFF TIME | 17:15 | 12:50 |
DEBT SECURITIES(CCP)-EQUITY/BIAS MONEY MARKET/EQUITY REPO OFFSET CUT OFF TIME | 14:30 | 11:45 |
DEBT SECURITIES(CCP)/BIAS MONEY MARKET/TAKASBANK MONEY MARKET OFFSET CUT OFF TIME | 15:45 | 11:45 |
BIAS MONEY MARKET FULFILLMENT OF OBLIGATIONS CUT OFF TIME |
16:45 |
12:30 |
BIAS MONEY MARKET MARGIN CALL CUT OFF TIME | 15:00 | 12:00 |
BIAS MONEY MARKET DEPOSIT/WITHDRAW COLLATERAL CUT OFF TIME | 19:00 | 12:45 |
BILATERAL CUT OFF TIME | 17:00 | 16:00 |
BILATERAL CUT OFF TIME (BISTECH) | 17:05 | 12:45 |
Takasbank Gold Transfer Transactions | Hours | Half Day |
---|---|---|
SAME DAY VALUE DATE TRANSFERS TRANSACTİONS (T+0) | 09:00-17:30 | 09:00-11:00 |
FORWARD VALUE DATE TRANSFER INSTRUCTIONS (MAXIMUM T+90) | 20:00 | 16:00 |
PHYSICAL GOLD TRANSFER TRANSACTIONS BETWEEN MEMBER ACCOUNT AND BORSA ISTANBUL ACCOUNT | 09:00-17:15 | 09:00-10:30 |
RETURN PROCESS | 09:00-17:30 (T+0 ve T-1 value transactions subject to the return) | 09:00-11:00 |
VIREMENT TRANSACTIONS | 20:00 | 16:00 |
Securities Lending Market (SLM) | Hours | Half Day |
---|---|---|
TRADING HOURS | 09:30-16:45 | 09:30-12:00 |
TL CASH COLLATERAL INTEREST ACCRUAL TIME | 15:45 | 11:40 |
LAST CLOSING TIME FOR SECURITY DEBT | 17:00 | 12:15 |
SECURITY DEFAULT INTEREST RATE INCREASE TIME | 17:30 | 12:45 |
LAST CLOSING TIME FOR TRANSACTION COMMISSION DEBT | 17:00 | 12:15 |
TRANSACTION COMMISSION DEFAULT INTEREST RATE INCREASE TIME | 17:30 | 12:45 |
LAST WITHDRAWIN TIME FOR CASH COLLATERALS | 17:05 | 12:40 |
TAKASBANK COMMISSION TIME | 17:00 | 12:15 |
LAST TIME FOR COLLATERAL DEPOSITING / WITHDRAWING
|
17:15 | 12:45 |
LAST TIME FOR VALUE CLOSING FROM THE SCREEN | 17:45 | - |
Türkiye Electronic Fund Trading Platform (TEFAS) | Hours | Half Day |
---|---|---|
INSTRUCTIONS (TRADES WITH SAME DAY VALUE) | 09:00-13:30 | 09:00-11:30 |
INSTRUCTIONS (TRADES WITH FUTURE DAY VALUE) | 09:00-17:45 | 09:00-12:30 |
UNMATCHED INSTRUCTION AUTOMATIC CANCELLATION (TRADES WITH SAME DAY VALUE) | 13:35 | 11:35 |
UNMATCHED INSTRUCTION AUTOMATIC CANCELLATION (TRADES WITH FUTURE DAY VALUE) | 17:50 | 12:35 |
DEFERRED MATURITY (TRADES WİTH FUTURE DAY VALUE) | 13:30 | 11:30 |
CASH NETTING CUT-OFF TIME (TRY) | 14:00 | 12:00 |
CASH NETTING CUT-OFF TIME (FOREIGN CURRENCY) | 12:30 | - |
DEFAULT DEADLINE (TRY) | 15:00 | 12:30 |
DEFAULT DEADLINE (FOREIGN CURRENCY) | 15:45 | - |
DEFAULT INTEREST RATE RISING HOUR | 15:30 | 13:00 |
DEFAULT INTEREST RATE RISING HOUR (FOREIGN CURRENCY) | 16:30 | - |
TL CASH COLLATERAL INTEREST ACCRUAL TIME | 15:45 | 12:10 |
FUND SHARE PRICE NOTIFICATION DELAY TIME | 10:30 | 10:30 |
Pension Fund Trading Platform (BEFAS) | Hours | Half Day |
---|---|---|
INSTRUCTIONS (TRADES WITH FUTURE DAY VALUE) | 09:00-17:30 | 09:00-12:30 |
UNMATCHED INSTRUCTION AUTOMATIC CANCELLATION (TRADES WITH FUTURE DAY VALUE) | 17:35 | 12:35 |
DEFERRED MATURITY (TRADES WİTH FUTURE DAY VALUE) | 13:30 | 11:00 |
CASH NETTING CUT-OFF TIME | 14:00 | 11:15 |
DEFAULT DEADLINE | 15:00 | 12:30 |
DEFAULT INTEREST RATE RISING HOUR | 15:30 | 13:00 |
TL CASH COLLATERAL INTEREST ACCRUAL TIME | 15:45 | 12:10 |
FUND SHARE PRICE NOTIFICATION (LATE PRICE NOTIFICATION) HOUR | 10:30 | 10:30 |
LAST TIME FOR FUND SHARE PRICE NOTIFICATION | 12:30 | 11:00 |
Cash Transactions Cut-off Times | Hours | Half-day |
---|---|---|
FINAL ENTRY HOUR FOR WRITTEN AND ELECTRONIC EFT INSTRUCTIONS | 16:15 | 12:45 |
FINAL VERIFICATION HOUR FOR WRITTEN AND ELECTRONIC EFT INSTRUCTIONS | 17:00 | 12:45 |
FINAL ENTRY AND VERIFICATION HOUR FOR TETS MEMBERS' EFT INSTRUCTIONS | 17:00 | 12:45 |
FINAL ENTRY AND VERIFICATION HOUR FOR USD TRANSFER INSTRUCTIONS | 16:30 | 10:30 |
FINAL ENTRY AND VERIFICATION HOUR FOR EUR TRANSFER INSTRUCTIONS | 16:00 | 10:30 |
FINAL ENTRY AND VERIFICATION HOUR FOR GBP TRANSFER INSTRUCTIONS | 12:00 | 10:30 |
FINAL ENTRY AND VERIFICATION HOUR FOR TRY/FX INTERNAL CASH TRANSFERS | UNTIL CLOSING TIME OF MEMBER TERMINALS | UNTIL CLOSING TIME OF MEMBER TERMINALS |
Borsa İstanbul Futures and Options Market | Hours | Half-day |
---|---|---|
DISTRIBUTION OF ACCURED INTEREST | 7:30 | 7:30 |
COLLATERAL DEPOSIT-WITHDRAWAL START TIME | 8:00 | 8:00 |
DISTRIBUTION OF PROFIT NOT DISTRIBUTED DUE TO PREVIOUS BUSSINES DAY CASH DEFICIT | 08:15(T+1) | 08:15(T+1) |
SHORT CASH BALANCE FULFILLMENT CUT-OFF TIME | 11:00 | 11:00 |
CASH SETTLEMENT CUT-OFF TIME (DEFAULT START TIME) | 15:00 | 11:00 |
TL COLLATERAL WITHDRAWAL CUT-OFF TIME | 15:40 | 11:40 |
INTEREST ACCRUAL CUT-OFF TIME | 15:40 | 11:40 |
NO INTEREST ACCRUAL INSTRUCTION CUT-OFF TIME |
15:40 |
11:40 |
PHYSICAL DELIVERY CUT-OFF TIME FOR EWR FUTURES CONTRACTS (DEFAULT START TIME) |
17:00 |
14:00 |
CUT-OFF TIME FOR OTHER COLLATERALS WITHDRAWAL EXCLUDING TL | 19:00 |
12:45 |
COLLATERAL DEPOSIT CUT-OFF TIME | 19:00 | 12:45 |
DEADLINE FOR SENDING ACCOUNTS OPENED IN CRA TO BISTECH | 19:00 | 12:45 |
SETTLEMENT PRICE ANNOUNCEMENT | 19:00 | 13:30 |
OPTION EXERCISE ORDER CUT-OFF TIME | 19:20 | 13:50 |
DENY OF AUTOMATIC OPTION EXERCISE TIME CUT-OFF TIME | 19:20 | 13:50 |
BISTECH ACCOUNT OPENING/ASSOCIATION CUT-OFF TIME | 19:20+ | 13:50+ |
FINALIZED PROFIT/LOSS CALCULATION TIME(AFTER BUSINESS BATCH) | 19:20+ | 13:50+ |
START OF EVENING BATCH | 19:30 | 14:00 |
ACCOUNT UPDATING PROCESS (ADDITION OF PROFITS/COLLECTION OF LOSS) ( END OF EVENING BATCH) | 19:30+ | 14:00+ |
MARGIN CALL (END OF EVENING BATCH) | 19:30+ | 14:00+ |
NOTIFICATION OF POSITIONS IN THE GLOBAL ACCOUNTS | 21:00 | 16:00 |
END-OF-DAY OPERATIONS IN SETTLEMENT SCREEN (TVIS) | 21:30+ | 16:30+ |
Leveraged Trading Transactions | Hours | Half Hours |
---|---|---|
TL COLLATERAL DEPOSIT | 08:00-19:00 | 08:00-11:40 |
FOREIGN EXCHANGE COLLATERAL DEPOSIT | 08:00-19:00 | 08:00-11:40 |
TL COLLATERAL WITHDRAW | 08:00-19:00 | 8:00-11:40 |
FOREIGN EXCHANGE COLLATERAL WITHDRAWAL | 08:00-19:00 | 08:00-11:40 |
TRANSACTION NOTIFICATION | 08:00-21:00 | 08:00-15:00 |
Borsa İstanbul Equities Market | Hours | Half-Hours |
---|---|---|
FULLFILLMENT OF CASH/SECURITY OBLIGATIONS CUT OFF TIME | 16:45 | - |
SET-OFF INSTRUCTION FROM TMM (TAKASBANK MONEY MARKET) | 15:45 | - |
SET-OFF INSTRUCTION FROM BOND MARKET | 14:30 | - |
CUT-OFF TIME FOR TRANSFER TRANSACTIONS | 21:00 | 16:00 |
CUT-OFF TIME FOR EXCHANGE TRADED FUND TRANSACTIONS | 17:00 | 16:00 |
CUT-OFF TIME FOR TAKASBANK BILATERAL (RTGS DvP) TRANSFER TRANSACTIONS (BISTECH ) | 17:05 | 12:45 |
CUT-OFF TIME FOR TAKASBANK BILATERAL (RTGS DvP) TRANSFER TRANSACTIONS |
17:00 |
16:00 |
CUT-OFF TIME FOR COLLATERAL DEPOSIT |
19:00 |
12:45 |
CUT-OFF TIME FOR TL COLLATERAL WITHDRAWAL | 15:40 | 11:40 |
CUT-OFF TIME FOR FOREIGN CURRENCY COLLATERAL WITHDRAWAL | 19:00 | 12:45 |
WITHDRAWAL OTHER COLLATERAL CUT OFF TIME | 19:00 | 12:45 |
Electricity Market |
Hours |
Half Day |
---|---|---|
Collateral completion (letters of guarantee) | To EPİAŞ until 10:30 | - |
Collateral completion (collaterals other than letters of guarantee) | For GIP market; To Takasbank until 17:00 | - |
Collateral completion (collaterals other than letters of guarantee) | For GOP market; To Takasbank until 11:00 | - |
Advance debt settlement | 15:00 | - |
Advance receivable distribution | 15:00 | - |
Invoice debt settlement | 6 th business day following the notification date,until the end of the day | - |
Invoice receivable distribution |
7 th business day following the notification date | - |
Sending receivables with EFT | 15:00, 16:00 and 17:00 | - |
Cash collateral withdrawal time interval | 15:05-15:40 | - |
Non-cash collateral withdrawal time interval | 15:05-16:40 | - |
Takasbank commission payment | 6 th business day following the notification date,until the end of the day | - |
TL Cash collateral interest accrual time | 15:40 | - |
Futures Electricity Market | Hours | Half Day |
---|---|---|
Collateral completion (letters of guarantee) | 11:30 | - |
Collateral completion (collaterals other than letters of guarantee) | 12:00 | - |
Advance receivable distribution-originated from VEP | 15:00 | - |
Advance receivable distribution-originated from VEP | 15:00 | - |
Invoice debt settlement | By the end of the sixth working day following the notification date | - |
Invoice receivable distribution | By the end of the seventh working day following the notification date | - |
Sending receivables with EFT | 15:00, 16:00 and 17:00 | - |
Cash collateral withdrawal time interval | 09:30-11:30 | - |
Takasbank commission payment | By the end of the sixth working day following the notification date | - |
TL Cash collateral interest accrual time | 15:40 | 10:45 |
Renewable Energy Guarantees of Origin (REO-G) Market |
Hours | Half Day |
---|---|---|
INVOICE DEBT SETTLEMENT | By the end of the second working day following the notification date | |
INVOICE RECEIVABLE DISTRIBUTION | By the end of the third working day following the notification date | |
SENDING RECEIVABLES WITH EFT | 15:00 and 17:00 | |
CASH COLLATERAL WITHDRAWAL TIME INTERVAL | 09:00-09:58 | |
TAKASBANK COMMISSION PAYMENT | By the end of the sixth working day following the notification date | |
TL CASH COLLATERAL INTEREST ACCURAL TIME | 15:40 | 10:45 |
Precious Metals Market | Hours | Half Day |
---|---|---|
EARY SETTLEMENT START TIME | 09:00 a.m | |
EARLY SETTLEMENT CUT-OFF TIME EARLY | 03:45 p.m | |
END-OFF DAY SETTLEMENT | 04:00 p.m | |
NET/GROSS SETTLEMENT CASH-METAL DEBT CUT-OFF TIME | 05:00 p.m | |
CASH DELIVERY EFT CUT-OFF TIME (TL) | 05:15 p.m | |
CASH DELIVERY EFT CUT-OFF TIME (USD) | 06:00 p.m | |
CASH DELIVERY EFT CUT-OFF TIME (EUR) | 06:00 p.m | |
CASH COLLATERAL WITHDRAWAL CUT-OFF TIME | 03:40 p.m | 11:40a.m |
TRY CASH COLLATERAL INTEREST ACCRUAL TIME | 03:40 p.m | 11:40 a.m |
NON CASH COLLATERAL WITHDRAWAL CUT-OFF TIME | 07:00 p.m | 12:45 p.m |
TL COLLATERAL WITHDRAWAL CUT-OFF TIME (EFT) | 03:40 p.m | |
EUR COLLATERAL WITHDRAWALCUT-OFF TIME (SWIFT) | 04:15 p.m | |
USD COLLATERAL WITHDRAWAL CUT-OFF TIME (SWIFT) | 04:30 p.m | |
GBP COLLATERAL WITHDRAWAL CUT-OFF TIME | 12:00 a.m | |
COLLATERAL DEPOSIT CUT-OFF TIME | 07:00 p.m | 12:45 p.m |
MARGIN CALL | 06:00 p.m | 01:00 p.m |
MARGIN CALL FULLFILMENT CUT-OFF TIME | 03:00 p.m | 11:00 a.m |
Organized Natural Gas Market Transaction Hours | Hours | Half Day |
---|---|---|
ADVANCE PAYMENT | 2 p.m | |
ADVANCE PAYMENT (DEFAULT) | 2 p.m - 5 p.m | |
DISTRIBUTION OF ADVANCE RECEIVABLES | By the time 5 p.m | |
INVOICE PAYMENTS | By the end of the fourth working day following the notification date | |
DISTRIBUTION OF INVOICE RECEIVABLES | By the end of the fifth working day following the notification date | |
TRANSFER OF RECEIVABLES VIA EFT (ELECTRONIC FUND TRANSFER) | Twice a day 3 p.m and 5 p.m | |
MARGIN CALL (IMBALANCE AND INVOICE TRANSACTION | Till 3 p.m of the first working day following the notification date | |
COLLATERAL WITHDRAWAL (TRANSACITON) | Collateral withdrawal by the time 3 p.m | |
START AND CUT-OFF TIME FOR CASH WITHDRAWAL (IMBALANCE AND INVOICE TRANSACTION) | 8 a.m - 3:40 p.m | |
CUT-OFF TIME FOR NON-CASH WITHDRAWAL | 5 p.m | |
TRY CASH COLLATERAL INTEREST ACCRUAL TIME | 3:40 p.m | 10:45a.m |
TAKASBANK COMMISSION PAYMENT | By the end of the fourth working day following the notification date |
FUTURES NATURAL GAS MARKET | HOURS | HALF DAY |
---|---|---|
COLLATERAL COMPLETION(LETTERS OF GUARANTEE) | 12:00 | |
COLLATERAL COMPLETION (COLLATERALS OTHER THAN LETTERS OF GUARANTEE | 12:00 | |
SENDING RECEIVABLES WITH EFT | 15:00-17:00 | |
CASH COLLATERAL WITHDRAWAL TIME INTERVAL | 09:30-12:00 | |
INVOICE DEBT SETTLEMENT | By the end of the fourth working day following the notification date | |
INVOICE RECEIVABLE DISTRIBUTION | By the end of the fifth working day following the notification date | |
TAKASBANK COMMISSION PAYMENT | By the end of the sixth working day following the notification date | - |
TL CASH COLLATERAL INTEREST ACCRUAL TIME | 15:40 | 10:45 |
Cheque Clearing Clearing and Settlement | T Day (Hour) | T+1 Day (Hour) |
---|---|---|
DELIVERY OF CLEARING PACKAGES |
...<06:00 | |
DELIVERY OF CLEARING DISTRIBUTION PACKAGES |
(06:00-06:05) | |
DELIVERY OF RETURN PACKAGES |
<17:45 | |
DELIVERY OF RETURN DISTRIBUTION PACKAGES |
17:46-23:59 | |
SETTLEMENT DEADLINE |
12:00 |
Public Collateral Management Service | Full Day | Half Day | Last Day of Validity Full Day | Last Day of Validity Half Day |
---|---|---|---|---|
Submission of the Requests of Revenue Registration |
15:50 | 10:50 | 13:50 | Can not be submitted |
Interbank Card Center (BKM) Deposit and Withdrawal Transactions of Collaterals Assets Acceptable as Collaterals |
Cut-off Time for Depositions on Full-Days | Cut-off Time for Depositions on Half -Days | Cut-off Time for Withdrawals on Full-Days | Cut-off Time for Withdrawals on Half-Days |
---|---|---|---|---|
CASH IN TRY |
18:15 | 12:45 | (*)15:40 | (*)11:40 |
GOVERNMENT DEBT SECURITY (GDDS) | 18:15 | 12:45 | 18:15 | 12:45 |
(*) For the participants that do not demand receiving interest, the cut-off time for withdrawal of collaterals is 18:15 on full-days and 12:45 on half-days.
Guarantee Mechanism Contribution Assets Eligible as Mechanism Contribution |
Full Day Deposit Deadline | Half Day Deposit Deadline | Full Day Withdrawal Deadline | Half Day Withdrawal Deadline |
---|---|---|---|---|
CASH TURKISH LIRA |
18:15 | 12:45 | 15:40* | 11:40* |
CONVERTIBLE FOREIGN CURRENCY (USD/EUR) |
18:15 | 12:45 | 18:15 | 12:45 |
GDDS |
18:15 | 12:45 | 18:15 | 12:45 |
LEASE CERTIFICATES ISSUED BY THE REPUBLIC OF TÜRKİYE UNDERSECRETARİAT OF TREASURY, ASSET LEASING COMPANY |
18:15 | 12:45 | 18:15 | 12:45 |
(*) For members who do not demand accrual interest, cut-off times of collateral withdrawal are 18:15 in full days, 12:45 in half days. Takasbank EFT/SWIFT/EST official cut-off times are applicable for transfers of TRY/FX/GDDS/SK from free current account/depository.
Margin Call (Mcall) Cut-Off for Guarantee Mechanism Contribution |
Full Day Mcall Deadline | Half Day Mcall Deadline |
---|---|---|
MARGIN CALL CUT-OFF FOR GUARANTEE MECHANISM CONTRIBUTION AMOUNT |
11:00 | 10:00 |