TEB Securities Services, formed by TEB A.S. and BNP Paribas Securities Services (‘BNP Paribas’) in 2007, has launched an integrated execution, clearing and reporting service for exchange-traded derivatives in Turkey.
Through TEB Treasury’s membership of TurkDEX, the Turkish derivatives market, TEB Securities Services now offers a single entry point to Turkish exchange-traded derivatives for execution and clearing of all instrument types. This provides clients the following services:
Front office side: Execution with pro-active margin and funding solutions Trade confirmation
Back office side: Reconciliation of market executions Margin call payment and collateral management Accounting and control Brokerage fee calculation and reporting Daily reporting of transactions, P&L, and interest income on collateral.
TEB Securities Services is the only custodian in Turkey providing both execution and clearing packaged services within one bank, thus providing clients with: the benefits of working with an expert securities services provider the support of the Bank’s balance sheet