Future Outlook 2006
Takasbank (ISE Settlement and Custody Bank Inc.)
Posted: Monday, 13 Feb 2006
In 2006, Takasbank intends to:
· Work towards participation in international organizations;
· Endeavor to comply with EU directives regarding securities clearing and settlement systems;
· Innitiate efforts to become a Central Counterparty for equities;
· Move to T+1 as settlement date for Turkdex;
· Give-up process for Turkdex transactions;
· Institute pre-matching facility on T+1 for DvP settlement (among brokers and custodians) for equities;
· Complete Takasbank Money Market remote access project by the first quarter of 2006;
· Contribute to the development of international standards for securities and implementing these standards in Turkey;
· Enhance in cross-border settlement and custody services and
· Fully automation of cross-border settlement services merged with the SWIFT system
· Integration of SWIFT and DvP transfer facility.
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