FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2010
CENTRAL REGISTRY AGENCY INC.
CRA is the Central Securities Depository of
Turkey for dematerialised capital market
instruments that are traded in Turkish
capital markets.
Dr. Yakup Ergincan
CEO
Central Registry Agency Inc. (CRA) is the
Central Securities Depository of Turkey for
dematerialised capital market instruments -
equities, mutual funds, exchange traded funds,
corporate bonds, commercial papers and bank
bonds- that are traded in Turkish capital
markets.
CRA was established in accordance with the
Turkish Capital Markets Law in 2001, and it
became fully operational on November 28,
2005 -the date when all equity certificates
traded at the Istanbul Stock Exchange became
dematerialised. Between April 2005 and March
2006, all mutual fund certificates were
dematerialised at the CRA platform. In August
2006, after approximately 5 years, first
corporate bond in Turkish Capital Markets was
issued through CRA.
All transactions regarding dematerialised
capital market instruments, such as opening of
investor accounts, transfer of securities for
settlements, transfer of securities as collaterals,
corporate actions, legal operations and
reporting, are conducted by CRA participants
via the central registry software, CDS, a
proprietary software developed in-house.
Issuers as participants of CRA, can benefit
from all custody services for non-floating
shares. CRA also offers a full range of
corporate action facilities including rights
issues, interest and dividend distributions,
stock splits, conversions and mergers enabling
issuers to deliver new securities and cash to
investors.
Investor services are a key element of our
business. As such, we provide account
information and market statistics to investors
via our WebInvestors portal, e-CAS, SMS, IVR
and call center. We also provide shareholder
services for general meetings.
CRA manages and represents the Investor
Protection Fund, a crucial tool in constituting
investor confidence in Turkey. Our tasks
involve, conducting all the formalities on behalf
of the Fund according to the applicable
regulatory provisions and implementing
liquidation formalities of intermediary
institutions, which are subject to administrative
liquidation per the Capital Markets Board of
Turkey (CMB) resolution.
CRA also acts as the securities agent for on-
exchange settlements of equities traded at the
ISE and real time settlements of equities for
Securities Lending and Borrowing facility of
Takasbank.
CONTACT INFORMATION
Address Askerocagi Cad. Suzer Plaza No: 15 Kat: 3 34367 Elmadag/Istanbul
Tel +90 (212) 334 57 00 Fax +90 (212) 334 57 57
Contact Name Mr. Ozgur Uysal E-mail [email protected] Website www.mkk.com.tr
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CRA continues to increase the variety of its
products and services. Since the end of the
dematerialisation process for physical equities
and mutual funds CRA has been working to
extend the range of assets held in its electronic
book-keeping system. We are also working on
joint projects with our partners which will bring
about necessary improvements to the Turkish
capital market infrastructure in order to
conform to international sector standards in
technology and custody services.
As a member institution, CRA has been actively
participating in various working projects and
information sharing networks within
international industry associations such as the
Association of European Central Securities
Depositories (ECSDA) and the International
Securities Services Association (ISSA). Our
experts closely monitor the harmonisation
efforts in the European post-trade sector and
the ongoing post-crisis standard setting at
global level.
Furthermore, as an affiliate member of the
Federation of Euro-Asian Stock Exchanges
(FEAS) our depository contributes to the
development of capital markets in the region
by bringing our expertise and technological
know-how into various collaborations with
regard to the regional post-trade industry.