ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
TAKASBANK
Takasbank continued to provide efficient and effective services for the
capital markets as well as its stakeholders and customers throughout
2014.
Murat ULUS
General Manager & Board Member
Diversifying its service range with the restructuring
and infrastructure development projects it had
accomplished and undertaking an important
role in the attempts to attain a more stable and
sustainable structure for Turkish capital markets in
the recent years; Takasbank continued to provide
efficient and effective services for the capital
markets as well as its stakeholders and customers
throughout 2014.
In this context, Takasbank being a “Central
Counterparty” in the Securities Lending Market
in 2013, undertook the same function in Borsa
İstanbul Futures and Options Market as of March
2014. Accordingly, upon the implementation and
the launching of BISTECH system at Borsa Istanbul
Equity Market, risk and collateral management
shall be carried out by Takasbank. This system will
introduce some fundamental changes such as pre-
GENERAL INFORMATION
Takasbank is incorporated as a sector specific
investment bank with a purpose to provide
clearing, settlement and custody services as well as
rendering banking services.
Services Provided
• C
entral clearing and settlement services for
Borsa Istanbul spot markets and CCP services for
derivatives markets,
• Operator and central counterparty (CCP) for the
Securities Lending Market (SLM)
• Settlement bank for Turkish Electricity Market,
• Custody services for Private Pension Funds and
collective investment schemes,
trade, post-trade and at-trade risk management
to be implemented and applied real-time. Parallel
with these developments in 2014, Takasbank also
executed primary data center transfer project which
aims to operate Borsa Istanbul, MKK and Takasbank
networks under the same roof.
Also, Takasbank was granted ISO 22301-Business
Continuity Standard Certification and ISO 27001 -
Information Security Management System Standard
Certification in 2014.
Furthermore, Takasbank was authorized by the
Capital Markets Board to provide portfolio custody
services to collective investment schemes as of July
2014. As a year full of novelties, the development
practices to provide real-estate title deed transfer
services were started for the execution of the
trading transactions over a web-based system.
• G
lobal and local custody services,
• N
ational numbering agency for securities issued
in Turkey (ISIN, CFI) and pre-LOU allocating LEI
codes.
Brief History
Takasbank started to operate as a department
within Borsa Istanbul in 1988. In 1996, it was
transformed into a bank and renamed as Takasbank.
Regulated by
Capital Markets Board of Turkey
Banking Regulation and Supervision Agency
Central Bank of Turkey
2014 was also a fruitful year for Takasbank in
terms of its activities towards the development
of its international relations. Within this context,
Takasbank membership to the European Association
of Central Counterparty Clearing Houses (EACH)
was approved as of October 2014. Furthermore,
in line with the vision of becoming a preferred
settlement and custody institution in the
international markets; with the launching of the
International Settlement and Custody System in
two phases; access to more than 65 markets was
achieved globally.
Within the context of its efforts of sharing
accumulated knowledge and experience with its
peers, Takasbank hosted the authorized persons
coming from Jordan and Macedonia within the
scope of the FEAS Bilateral Training Program in the
year 2014.
Ownership (As of December 2014)
Borsa Istanbul: 52.25%
Banks (14): 17.78%
Brokerage Houses (46): 19.97%
Future Outlook
In 2015, Takasbank intends to:
• C
ontinue its infra-structure development
practices to provide CCP services for Borsa
Istanbul equities market in Q2, 2016 and for
Borsa Istanbul debt securities market at in Q4,
2016,
• Carry out risk and collateral management
upon the implementation and the launching of
BISTECH system at Borsa Istanbul Equity Market.
ABOUT TAKASBANK
Established: 1988
Chairman: Tuncay Dinç
Address: Şişli Merkez Mahallesi, Merkez Caddesi,
No: 6 34381 Şişli-İstanbul-Turkey
Contact name: Aylin Sumru
E: [email protected]
W: www.takasbank.com.tr
AFFILIATE MEMBERS
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