Takasbank began to provide CCP services to Borsa Istanbul Futures and Options Market

Tuesday, 8 April 2014

As is known, central counterparty (CCP) institutions have taken over a highly important role in the restoration of sustainability for the financial system in the aftermath of the financial crisis. Through CCP mechanism, the CCP institution interposes itself between the buyer and the seller for the financial trade or contract executed and acts as a seller against the buyer and as a buyer against the seller. In other words, CCP institutions undertake the fulfillment of the obligations of parties to each other.

Being authorized to provide CCP services at Borsa Istanbul Futures and Options Market according to the resolution of the Capital Markets Board (CMB) dated 13.12.2013 within the context of Takasbank CCP Regulation published in August 14, 2013; Takasbank is undertaking the finalization of settlement at Borsa İstanbul Futures and Options market as of March 3, 2014.