Help & Advice

What is Takasbank?

Takasbank is a sector bank authorized to provide settlement, custody and numbering services in international standards for equities in Turkey. With the start of the Private Pension System, Takasbank has also become the custodian for the pension investment funds. It has been acknowledged as Turkey's "central custody institution" by the Capital Markets Board (CMB). Takasbank is also the provider of clearing and settlement services for all equity trading transactions in the ISE.

Another central function of Takasbank is to provide numbering services in international standards as the "national numbering agency" for equities being exported from Turkey.
In addition to these central functions, Takasbank is to provide various banking services for ISE member banks and brokerage houses. With money market, securities lending/borrowing system and cash credit services, Takasbank is an important creditor of the capital markets.

  1. Can I change the pension company?

    Yes. If you are not happy with the pension plan you have chosen and the return generated through the pension investment funds, you may change your pension company whenever you wish after your 1 year is up with the pension company which you have entered into an agreement or 1 year after your last change of company.

  2. Who audits the pension companies, and how? How is the security provided?

    The pension companies, in accordance with clearly set procedures and principles, are overseen and audited.

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