MKK and Clearstream open up access to Turkish capital markets
19 September 2025 Turkey
Image: TrendStudio/stock.adobe.com
The Turkish central securities depository and trade repository, Merkezi Kayit Kurulusu (MKK) and the international central securities depository (ICSD) Clearstream Banking, will facilitate direct access to Turkish capital markets.
The link will allow the settlement and custody of Turkish government debt securities, supplied through the Central Bank of Türkiye via an omnibus account structure.
It will be operational from 29 September 2025.
TEB Securities Services, Clearstream's local partner, will function as the account operator.
Foreign investors will receive wider access to Turkish capital markets allowing them to keep Turkish government debt securities in a clearing account.
Clearstream will assist Turkish equities and corporate bonds through existing segregated account structure, combined with the latest omnibus account structure for Turkish government debt securities.
Dr. Ekrem Arkan, CEO and board member of MKK, says: “We are pleased to open this direct inter-CSD connection between Clearstream and MKK. This is a significant milestone in our ongoing efforts to integrate Türkiye’s capital markets with the global financial system.
“Through the link, foreign investors will benefit from simplified, secure access to our domestic market, which in turn will improve liquidity and broaden international participation in Turkish securities.
“This collaboration demonstrates the strong appeal of the Turkish market to international investors, and we are confident that it will further support the ongoing growth of Türkiye’s capital markets.”
Jan Willems, head of Global Markets at Clearstream, comments: “This new investment link is part of a larger strategic initiative at Clearstream to improve operational excellence through direct market access, as well as providing our clients with enhanced asset protection.
“This model is designed to empower our clients for more efficiency and to offer them globally the best-in-class setup and securities service quality they seek.”
The link will allow the settlement and custody of Turkish government debt securities, supplied through the Central Bank of Türkiye via an omnibus account structure.
It will be operational from 29 September 2025.
TEB Securities Services, Clearstream's local partner, will function as the account operator.
Foreign investors will receive wider access to Turkish capital markets allowing them to keep Turkish government debt securities in a clearing account.
Clearstream will assist Turkish equities and corporate bonds through existing segregated account structure, combined with the latest omnibus account structure for Turkish government debt securities.
Dr. Ekrem Arkan, CEO and board member of MKK, says: “We are pleased to open this direct inter-CSD connection between Clearstream and MKK. This is a significant milestone in our ongoing efforts to integrate Türkiye’s capital markets with the global financial system.
“Through the link, foreign investors will benefit from simplified, secure access to our domestic market, which in turn will improve liquidity and broaden international participation in Turkish securities.
“This collaboration demonstrates the strong appeal of the Turkish market to international investors, and we are confident that it will further support the ongoing growth of Türkiye’s capital markets.”
Jan Willems, head of Global Markets at Clearstream, comments: “This new investment link is part of a larger strategic initiative at Clearstream to improve operational excellence through direct market access, as well as providing our clients with enhanced asset protection.
“This model is designed to empower our clients for more efficiency and to offer them globally the best-in-class setup and securities service quality they seek.”
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