In 2006, Takasbank intends to:
· Initiate efforts to become a Central Counterparty for equities;
· Give-up process for Turkdex transactions;
· Fully automation of cross-border settlement services merged with the SWIFT system; Institute pre-matching facility on T+1 for DvP settlement (among brokers and custodians) for equities via integration of SWIFT and DvP transfer facility;
· SWIFT Concentrator Model for enabling non-SWIFT member institutions to reach SWIFT system;
· Establishment and implementation of a distribution and settlement system for investment fund units on the integrated system with the CRA;
· Development and expansion of the scope of Investment
Fund Custody System;
· Work towards participation in international organizations;
· Endeavor to comply with EU directives regarding securities clearing and settlement systems;
· Contribute to the development of international standards for securities and implementing these standards in