Regarding the electronic letters of guarantee submitted as tender security (e-letters of guarantee) which are accepted within the scope of the procurements realized through the Law numbered 4734 via Public Procurement Authority, “Public Collateral Management Service” which includes acceptance, custody, registration as revenue, return and extension of the validity period as well as the reporting of those e-letters of guarantee has been providing.
The e-letters of guarantee submitted by the tenderers for the procurements are issued by the banks and submitted to Takasbank via the KKB Electronic Letter of Guarantee Platform, and Takasbank carries out the acceptance processes and transfers the information related to the e-letter of guarantee to EKAP.
All processes regarding e-letters of guarantee accepted through Takasbank are executed digitally and fully automated through the “Takasbank Public Collateral Management Service Platform”.
The procedures and principles regarding the transactions carried out within the scope of the service are stated by “İstanbul Takas ve Saklama Bankası A.Ş. Public Collateral Management Service Procedure” and the relevant legislation can be accessed under the Rules and Regulations/Procedures section.
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