REPO MARKET FOR SPECIFIED SECURITIES
The Market provides the opportunity to realize repo transactions on preferred securities within the organized market and then to deliver such securities to the buyer.
In the Market, sales with repurchase agreement and purchases with resale agreement are executed over a specified security. In these transactions, it is possible to negotiate by specifying the price of the security in addition to the repo rate. In the Market, government debt securities (GDS), Government Lease Certificates, revenue-sharing certificates (RSC), private debt securities and lease certificates listed on the Exchange, private sector borrowing instruments issued at Offering Market for Qualified Investors (only between qualified investors), which have been issued in Turkish Lira, also debt securities issued in Turkish Lira by the Privatization Administration, Housing Development Administration of Turkey, and local administrations, and liquidity bonds issued by the Central Bank of the Republic of Turkey can be traded.
During the repo term, the securities are not blocked, and are delivered to the buyer. At maturity, the buying party will deliver the same type and amount of securities to Takasbank to be transferred to the selling party. Trades can be executed with a starting value date being the prevailing date, or a future date up to 7 days.
Takasbank acts as Central Counterparty (CCP) in all TL denominated Government Debt Securities and TL denominated securities issued by banks traded in the Repo Market for Specified Securities.