BRIEF INFORMATION

Takasbank is the central clearing and settlement institution of the derivatives transactions executed at the Borsa Istanbul Futures and Options Market. As of March 3, 2014; Takasbank began to provide central counterparty services at Borsa Istanbul Futures and Options Market.

 

Transactions executed at the Exchange are centrally cleared and settled within scope of the below mentioned regulatory framework and Takasbank interposes itself between the market participants and becomes buyer (long position holder) against the seller and seller (short position holder) against the buyer at the time the orders are matched.