Memorandum of understanding signed between Takasbank (Turkey) and JASDEC (Japan)

Friday, 1 February 2013

A memorandum of understanding (MoU) was signed between ISE Settlement and Custody Bank Inc. (Takasbank) and Japan Securities Depository Center, Inc. (JASDEC) by Mr. Murat Ulus, CEO of Takasbank and Yoshinobu Takeuchi, Chairman of JASDEC. This MoU aims to collaborate closely on prospective cross-listed ETFs operation and to lay the foundations of cooperation in post-trade operations between two institutions through exchange of information and know-how regarding international settlement and custody services paving the way to provide added value to the technical cooperation and post-trade services development in relation to the prospective cross-listed ETFs carried on between Borsa Istanbul and Japan Exchange (JPX).