İstanbul Menkul Kıymetler Borsası (İMKB) Equity Repo Market will start operations on December 7, 2012.
The market will be launched under İMKB Debt Securities Market, with an aim to allow execution of repo transactions on company shares in an organized market and delivery of these shares to the buyer.
The shares of the companies, which are traded on İMKB Equity Market and included in İMKB 30 index, will be subject to trading on the Equity Repo Market. The intermediary institutions authorized to trade on the Market will be allowed to execute repo transactions on the shares they issued, only on behalf of their clients.
The orders in the Equity Repo Market will be submitted as limit orders and market orders in minimum order size and its multiples with a beginning value date up to two business days. In the orders submitted to the Market, the prices of the shares will be determined by the intermediary institution submitting the order, given that the price is between the minimum-maximum price limits applicable on the Equity Market.
If for any reason, the trading suspends at the Equity Market, transactions on the Equity Repo Market will also be suspended. The repo transactions of a share, the trading of which is suspended on the Equity Market, will be suspended until trading on the Equity Market resumes.