As is known, the settlement date for Borsa İstanbul Equity Market instruments is currently applied as the second business day (T+2) following the transaction day.

Recently, significant developments have been experienced globally regarding the shortening of the settlement cycle. The United States successfully transitioned to a (T+1) settlement cycle on May 28, 2024. The European Union, Switzerland, and the United Kingdom have set a target date of October 11, 2027, for their respective transitions. Other global markets are also continuing their efforts to shorten the settlement cycle similarly.

As Borsa İstanbul Group, in order to reduce transaction costs for investors trading in the capital markets, minimize post-trade risks and ensure compatibility with the post-trade processes of global markets, we have initiated an evaluation process to assess the feasibility of transitioning to a (T+1) settlement cycle. This process will include a detailed evaluation of its potential impact on the capital markets and the implications for market participants. We hereby respectfully announce that the views of all market participants will be evaluated as part of this process.

Borsa İstanbul Group