Testing Process for T+1 Settlement Implementation on Borsa İstanbul is Starting

Important Development from Borsa İstanbul: T+1 Testing Process

Borsa İstanbul Group announced that the countdown has begun for the T+1 application regarding the settlement periods of capital market instruments traded in the equity market. According to the statements made, it was expressed that the testing process for the T+1 application will begin on January 5, Monday. This significant transition process will be carried out with the participation of all members.

What is the T+1 Application?

The T+1 application refers to the execution of the cash and security transfer one business day after the trading day (T day + 1 day) for the buying and selling transactions made on the stock exchange. In other words, when an investor buys and sells a stock today, the transfer of money and stock is completed the next day. This system ensures that transactions are finalized more quickly, allowing investors to gain access to their money or stocks more rapidly.

Adapting to Global Markets

While aiming to implement the T+1 application, Borsa İstanbul Group seeks to reduce transaction costs for investors, minimize post-trade risks, and align with the settlement processes in global markets. In the relevant announcements, it was stated that a detailed assessment was made regarding the potential impacts of this transformation on capital markets.

Member Participation and Technical Adaptation Process

It was emphasized that all member participants are expected to actively participate during the testing phase. One of the key objectives of this process is to detect potential technical mismatches and system disruptions early and take necessary precautions.

CONCLUSION

The transition to the T+1 system is considered an important turning point not only for Borsa İstanbul but for all market participants. These innovations are expected to increase investor confidence and help reduce the accumulated risks in the markets, contributing to the transformation process of Turkey's financial system.