Key Features of TurkDEX Clearing

  • Investors' account should be opened at Takasbank one day before trading.
  • All the investors are subject to "pre-margining"; that is, collateral has to be deposited before the execution of the trade.
  • The transactions are executed on account basis. Therefore, collaterals are also collected on account basis.
  • At the end of every exchange day, all accounts are marked to market and the profits/losses are added to/cut from the accounts.
  • TurkDEX contracts are mainly cash settled. At the end of the expiry day, the existing open positions are offset by the trading system with