Debt Securities Market

Debt Securities Market

The Debt Securities Market is comprised of the Outright Purchases and Sales Market, where the secondary market transactions of debt securities are conducted; the Offering Market for Qualified Investors, where the capital market instruments of the corporations whose equities are traded on Borsa İstanbul Equity Market are issued to “qualified investors” as defined in the capital markets legislation; the Repo-Reverse Repo Market, where repo-reverse repo transactions are conducted; the Repo Market for Specified Securities, where repo-reverse repo transactions with specified debt securities are conducted; the Equity Repo Market where repo- reverse repo transactions are carried out with the shares of the companies that are traded on Borsa İstanbul Equity Market and which are included in BIST 30 Index; and International Bonds Market, where foreign debt instruments issued by the Turkish Undersecretariat of Treasury and listed by Borsa İstanbul are conducted. There is also the Committed Transactions Market where same day or forward value date buy-sell transactions are realized between the seller party with a commitment to repurchase a predetermined security and the buyer party with a commitment to resell that security and the Watchlist Market where capital market instruments that are previously traded in the Outright Purchases and Sales Market and decided to be traded in the Watchlist Market pursuant to the Listing Regulations.

Debt securities, securitized asset and income backed debt securities, lease certificates, liquidity bills issued by the Central Bank of the Republic of Turkey and other securities which are approved by Borsa İstanbul Board, which are denominated in TRY and foreign currencycan be traded on the Debt Securities Market.

Trading is conducted electronically in the Debt Securities Market via the automated multiple price-continuous auction system.

Central Bank of the Republic of Turkey and the intermediary institutions, which are members of Borsa İstanbul and Banks can carry out transactions in the Debt Securities Market.

Settlement operations are realized by İstanbul Settlement and Custody Bank Inc. (Takasbank).

Markets established within the Debt Securities Market are as follows.

June 17, 1991 Outright Purchases and Sales Market
February 17, 1993 Repo-Reverse Repo Market
April 16, 2007 International Bonds Market (conducted under Debt Securities Market since September 13, 2013)
May 17, 2010 Offering Market for Qualified Investors
December 17, 2010 Repo Market for Specified Securities
December 7, 2012 Equity Repo Market
December 1, 2017 Watchlist Market
July 2, 2018 Committed Transactions Market
October 14, 2016 Money Market
October 1, 2018 Swap Market

Audits on The Authenticity of The Notifications on Off-Exchange Fixed Income Transactions

The off-exchange fixed income trades of the banks and the intermediary institutions which were placed at their responsibility have to be registered with Borsa İstanbul. Borsa İstanbul Audit and Surveillance Board audits such registration processes for authenticity, as well as for correction or cancellation of faulty declarations.