The Interbank Repo-Reverse Repo Market was established to facilitate the repo-reverse repo transactions in organized market conditions, without having to meet the reserve requirement of the Central Bank, which is applied when a bank carries out repo transactions with a non-bank party.

Repo and reverse repo transactions of the Government Bonds, Treasury Bills and the Liquidity Bills of the Central Bank of the Republic of Turkey are carried out among the member banks and the Central Bank in this Market. The banks can only carry out transactions for their own portfolios; they cannot perform trades on behalf of their investment funds, mutual funds or clients.