| 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. Offering the possibility to exchange the security within a specified period, the Market serves to create an effective interest by ensuring a securities flow between the forward and spot markets.
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), revenue-sharing certificates (RSC), private debt securities listed on the Exchange, which have been issued in Turkish Lira, also debt securities issued in Turkish Lira by 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.