BRIEF INFORMATION

Takasbank has started to offer clearing and central counter party services for Turkish Lira IRS (Interest Rate Swap) and OIS (Overnight Index Swap) contracts on 19.12.2019 OIS contracts will be based on TLREF interest rate that has been created in compliance with IOSCO standards and both legs of the swap contracts will be based on Turkish lira which will allow clearing member banks to manage their mid and long term Turkish Lira interest rate exposures.

Risk and collateral management services are carried out by Takasbank for Turkish Lira IRS (Interest Rate Swap) and OIS (Overnight Index Swap) contracts. Collateral management covers acceptance, valuation and interest payment services.