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 18:15 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 17:00 12:30
BILATERAL CUT OFF TIME 17:00 12:45
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 09:30-12:00 / 13:30-16:45 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 -

 

 

 

Turkey Electronic Fund Trading Platform (TEFAS) FULL DAY 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 -

 

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 18:15

12:45

COLLATERAL DEPOSIT CUT-OFF TIME 18:15 12:45
DEADLINE FOR SENDING ACCOUNTS OPENED IN CRA TO BISTECH 18:15 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 Full Day  Half-day
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

18:15

12:45
CUT-OFF TIME FOR TL COLLATERAL WITHDRAWAL 15:40 11:40
CUT-OFF TIME FOR FOREIGN CURRENCY COLLATERAL WITHDRAWAL 18:15 12:45
WITHDRAWAL OTHER COLLATERAL CUT OFF TIME 18:15 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 Intra-Day market; To Takasbank until 17:00  
COLLATERAL COMPLETION )(COLLATERALS OTHER THAN LETTERS OF GUARANTEE) For Day-Ahead 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 and 17:00  
CASH COLLATERAL WITHDRAWAL TIME INTERVAL 15:05-15:40  
NON-CASH COLLATERAL WITHDRAWAL TIME INTERVAL 15:05-17:00  
TAKASBANK COMMISSION PAYMENT 6 th business day following the notification date,until the end of the day  
TL CASH COLLATERAL INTEREST ACCURAL TIME 15:40                  10:45      

 

Precious Metals Market Hours  Half Day
Early Settlement Start Time 09:00 a.m  
Early Settlement Cut-Off Time  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 Accural Time  03:40 p.m 11:40 a.m
TL Collateral Withdrawal Cut-Off Tiime (EFT) 03:40 p.m  
EUR Collateral Withdrawal Cut-Off Time (SWIFT) 04:15 p.m  
USD Collateral Withdrawal Cut-Off Time (SWIFT) 04:30 p.m  
Non Cash Collateral Withdrawal Cut-Off Tİme 06:15 p.m  12:45 p.m
Collateral Deposit Cut-Off Time 06:15 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 fourth 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 (Transaction) 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 Accural Time  3:40 p.m  10:45a.m          
Takasbank Commission Payment  By the end of the fourth working day following the notification date 

 

 
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

 

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 TURKEY 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