TRANSACTION HOURS

Electricity Market, Precious Metals Market and Diamond Market, Electronic Warehouse Receipts (EWR)Transaction Hours

 

​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 09:30-12:00 / 13:00-15:30 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 -

 

 

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

 

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

 

 

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) Hours
INSTRUCTIONS (TRADES WITH SAME DAY VALUE) 09:00-13:30
INSTRUCTIONS (TRADES WITH FUTURE DAY VALUE) 09:00-17:45
UNMATCHED INSTRUCTION AUTOMATIC CANCELLATION (TRADES WITH SAME DAY VALUE) 13:35
UNMATCHED INSTRUCTION AUTOMATIC CANCELLATION (TRADES WITH FUTURE DAY VALUE) 17:50
DEFERRED MATURITY (TRADES WİTH FUTURE DAY VALUE) 13:30
CASH NETTING CUT-OFF TIME 14:00
DEFAULT DEADLINE 15:00

 

Cash Operations Department 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 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)
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 Transactions Time Table 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-day
EQUITY CASH- DEBT PAYMENT 4:45 pm -
SET-OFF INSTRUCTION FROM TMM (TAKASBANK MONEY MARKET) 3:45 pm -
SET-OFFINSTRUCTION FROM BOND MARKET 2:30 pm -
CUT-OFF TIME FOR TRANSFER TRANSACTIONS 9:00 pm 4:00 pm
CUT-OFF TIME FOR EXCHANGE TRADED FUND TRANSACTIONS 5:00 pm 4:00 pm
CUT-OFF TIME FOR TAKASBANK BILATERAL (RTGS DvP) TRANSFER TRANSACTIONS (BISTECH ) 5:05 pm 12:45
CUT-OFF TIME FOR TAKASBANK BILATERAL (RTGS DvP) TRANSFER TRANSACTIONS

5:00  pm

4:00 pm

CUT-OFF TIME FOR COLLATERAL DEPOSIT

6:15 pm

12:45 am
CUT-OFF TIME FOR TL MARGIN WITHDRAWAL 3:40 pm 11:40 pm
CUT-OFF TIME FOR FOREIGN CURRENCY MARGIN WITHDRAWAL 6:15 pm 12:45 pm
CUT-OFF TIME FOR OTHER MARGIN WITHDRAWAL 6:15 pm 12:45 pm

 

 

Electricity Market Hours
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 14:30-15:40
NON-CASH COLLATERAL WITHDRAWAL TIME INTERVAL 14:30-17:00
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
HALF DAY  
TL CASH COLLATERAL INTEREST ACCRUAL TIME 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  
DELIVERY OF SETTLEMENT FILE  

07:00

SETTLEMENT DEADLINE  

12:00

 

 

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