TEB Securities Services, formed by TEB A.S. and BNP Paribas Securities Services in 2007, has launched back-office settlement outsourcing services in Turkey.
This solution will combine with the fully-fledged local clearing and custody offer already provided by TEB Securities Services to foreign institutional investors.
TEB Securities Services is designed to fulfill the needs of international players who choose to operate through their local entities for cash equities trading.
The outsourcing services aims to provide efficiency in the full settlement cycle for non-resident investors by managing the settlement operations of the local brokers together with those of local clearing and custody participants.