Instruction specifications - Xact Web Portal - Turkey
In the following tables, M=Mandatory; O=Optional; C=Conditional.
Receive Free
M | Settlement instruction processing additional details | /TAX/xxxxxxxxxx a |
M | Trade date | |
M | Deal price | b |
Cc | P.of trade Identifier Place of trade type P.of trade Identification | EXCH - Stock exchange XIST or XEQYd |
| Ce | Beneficial Ownership | No |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | MKKCTRISXXX | |
M | Party 1 Format | BIC f |
Party 1 Identifier | counterparty’s BIC f | |
or | Party 1 Format | Name (if BIC does not exist) f |
Party 1 Identifier | counterparty's name f | |
O | Party 2 Format | BIC f |
Party 2 Identifier | ordering party's BIC f | |
or | Party 2 Format | Name (if BIC does not exist) f |
Party 2 Identifier | ordering party's name f | |
O | Party 2 safekeeping account | ordering party's account |
Receive Against Payment | ||
M | Settlement instruction processing additional details | /TAX/xxxxxxxxxx a |
M | Trade date | |
M | Deal price | b |
Cc | P.of trade Identifier Place of trade type P.of trade Identification | EXCH - Stock exchange XIST or XEQY d |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | MKKCTRISXXX | |
M | Party 1 Format | BIC f |
Party 1 Identifier | counterparty’s BIC f | |
or | Party 1 Format | Name (if BIC does not exist) f |
Party 1 Identifier | counterparty's name f | |
O | Party 2 Format | BIC f |
Party 2 Identifier | ordering party's BIC f | |
or | Party 2 Format | Name (if BIC does not exist) f |
Party 2 Identifier | ordering party's name f | |
O | Party 2 safekeeping account | ordering party's account |
Deliver Free | ||
M | Settlement instruction processing additional details | /TAX/xxxxxxxxxx a |
M | Trade date | |
M | Deal price | b |
Cc | P.of trade Identifier Place of trade type P.of trade Identification | EXCH - Stock exchange XIST or XEQYd |
| Ce | Beneficial Ownership | No |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | MKKCTRISXXX | |
M | Party 1 Format | BIC f |
Party 1 Identifier | counterparty’s BIC f | |
or | Party 1 Format | Name (if BIC does not exist) f |
Party 1 Identifier | counterparty's name f | |
M | Party 2 Format | BIC f |
Party 2 Identifier | beneficiary's BIC f | |
or | Party 2 Format | Name (if BIC does not exist) f |
Party 2 Identifier | beneficiary's name f | |
M | Party 2 safekeeping account | beneficiary's account |
Deliver Against Payment | ||
M | Settlement instruction processing additional details | /TAX/xxxxxxxxxx a |
M | Trade date | |
M | Deal price | b |
Cc | P.of trade Identifier Place of trade type P.of trade Identification | EXCH - Stock exchange XIST or XEQY d |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | MKKCTRISXXX | |
M | Party 1 Format | BIC f |
Party 1 Identifier | counterparty’s BIC f | |
or | Party 1 Format | Name (if BIC does not exist) f |
Party 1 Identifier | counterparty's name f | |
O | Party 2 Format | BIC f |
Party 2 Identifier | beneficiary's BIC f | |
or | Party 2 Format | Name (if BIC does not exist) f |
Party 2 Identifier | beneficiary's name f | |
O | Party 2 safekeeping account | beneficiary's account |
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a. For Receive Free/Receive Against Payment instructions: The receiving beneficial owner's tax ID (or, in the case of a Turkish resident individual, the Turkish national ID number), registered against the customer's Clearstream Banking account pursuant to the General information/Trading prerequisite section of the Market Taxation Guide - Turkey is mandatory. If it is not provided, the transaction will be rejected by Clearstream Banking.
For Deliver Free/Deliver Against Payment instructions: The delivering beneficial owner's tax ID (or, in the case of a Turkish resident individual, the Turkish national ID number), registered against the customer's Clearstream Banking account pursuant to the General information/Trading prerequisite section of the Market Taxation Guide - Turkey is mandatory. If it is not provided, the transaction will be rejected by Clearstream Banking.
b. See Specific settlement rules / settlement restrictions.
c. Mandatory for Borsa Istanbul equities trades.
d. For Borsa Istanbul trades, the place of trade is either STOCK EXCHANGE/XIST or STOCK EXCHANGE/XEQY. Customers are advised to use PLACE OF TRADE/STOCK EXCHANGE/XIST.
e. Mandatory when there is no change of beneficial owner.
f. If no BIC exists for the Delivering/Receiving Agent or for the Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.