A new connection between The Turkish central securities depository and trade repository, Merkezi Kayıt Kuruluşu (MKK) and international CSD Clearstream will open direct access to Turkish government debt securities for foreign investors. The link, set to go live on 29 September, replaces the current indirect setup and will operate through an omnibus account structure, reveals Clearstream in a press release. Local partner TEB Securities Services will act as account operator.
The change affects government securities issued via the Central Bank of Türkiye. Until now, international investors have held these through segregated accounts. Under the new structure, they will be able to use omnibus accounts, which can reduce complexity and cost in settlement and custody. Equities and corporate bonds will remain under the segregated model.
The direct link fits with Clearstream’s broader programme of expanding market connectivity in Europe and globally. For MKK, it marks another step in aligning Turkish post-trade infrastructure with international standards and practices.
Expected impact
The adjustment is expected to simplify access for global investors and could support higher participation in the Turkish debt market. MKK underlined the link’s role in increasing liquidity and strengthening Türkiye’s integration with global financial systems. TEB, which has partnered with Clearstream in Türkiye for more than a decade, will maintain its role in supporting foreign investors locally.
