Important News/Developments

All the news/developments about Garanti and the banking sector.All the news/developments about Garanti and the banking sector.

For the attention of our investors

The İstanbul Stock Exchange (ISE) has announced the following principles governing trading and clearances that will apply to all ISE markets and exchanges due to the half-day holiday on 28 October 2009 and the full-day holiday on October 29th.

On the Bonds & Bills Outright Trading Market and the Repo & Reverse Repo Trading Market, trading will begin at 09:30 hours and end at 11:30 hours on 28 October 2009. Cash and security clearance obligations entered into on 28 October 2009 with a same-day settlement date must be fulfilled no later than 12:30 hours that day. Repo associated security depositions however must be fulfilled no later than 11:50 hours.

On the Bonds & Bills Outright Trading Market and the Repo & Reverse Repo Trading Market, there will be no trading or clearances at all on 29 October 2009.

On the Equities Exchange, there will be only one trading session on 28 October 2009 due to the half-day holiday that day. There will be no trading sessions at all on 29 October 2009. Trades that take place on 26 October 2009 will be cleared on 30 October 2009. The clearances for all trades taking place on 27 & 28 October 2009 will be combined and will be effected on 2 November 2009.

On the ISE Foreign Securities Exchange International Bonds Market, trading will begin at 09:30 hours and end at 11:30 hours on 28 October 2009. There will be no trading or clearances at all on 29 October 2009.

According to a Turkish Derivatives Exchange (TurkDEX) announcement, there will be a different trading and clearance schedule on the exchange due to the half-day holiday on 28 October 2009. The chart below shows the trading and clearance schedule that will be followed on 28 October 2009.

  • 09:15 Trading begins
  • 12:35 Trading ends
  • 12:45 Announcement of settlement prices and margin calls
  • (T-day / 27 October 2009) 17:45 - (T+1 Day / 28 October 2009) 11:00 Clearance period
  • 11:00 First default period begins
  • 11:40 Cash withdrawal period ends
  • 11:40 Accounting
  • 12:20 Margin call period ends

There will be no trading or clearances at all on TurkDEX on 29 October 2009 due to the holiday.

EFT and repo times at our bank will be 11:00 hours. In the case of TurkDEX margin calls and withdrawals, the margin call time will be 10:45 hours and the withdrawal time will be 10:30 hours.

Clearances for trades taking place on Wednesday 28 October 2009 must be completed on Friday 30 October 2009.

Mutual fund share trading hours will be as follows:

On 28 October 2009 (half day):

All mutual fund trading settlements will be effected as of 10:30 hours.
No money-market reserve transactions will be allowed.
The final accounting program will be activated for the last time at 10:35 hours.
The Excess Liquidity Management Account (ELMA) program will be activated at 11:00 hours.
Money-market fund trading will be closed on all channels as of 11:15 hours.
28 October 2009 will be a trading holiday for Type A mutual funds, the Gold Fund, and the Type B Foreign Equities Fund.
In the case of Type A mutual funds, no half-day share trading will be permitted and no half-day prices will be announced because there will only be a single share trading session and no clearances this day.