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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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