Following the issuance of the draft Turkish Commercial Code, CRA plans to provide services to investors enabling them to participate in the member issuers general assemblies remotely, using electronic signatures.
We also aim to increase the level of straight through processing, especially for corporate actions, and to fully synchronize our message formats with ISO standards. Efficient reporting has always been one of our main concerns and in this regard we plan to increase the report types available to our members, while providing analytical tools to manage them.
Within the context of the ongoing European Union consistency processes, we would like to extend the coverage of the Investor Protection Fund, to include all securities, in addition to shares.
We are also working on the dematerialization of a new security type – treasury bills and government bonds. Dematerialization is expected to be realized at the beginning of 2007. A further development in this regard would be the inclusion of repo and reverse repo trades into the dematerialized system.