In cases where the “k” value is greater than three, for the total collateral calculation the following rules are applied:

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to National Sovereignty and Children’s Day Holiday, for the DAM-IM collateral calculation to be made on 18 April, 19 April, 22 April and 24 of April, the number of “k” days is 5 (five).

]]>In cases where the “k” value is greater than three, for the total collateral calculation the following rules are applied:

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to Ramazan Bayramı (Feast of Ramadan) Holiday, fort he DAM-IM collateral calculation to be made on 4 April, 5 April, 8 April and 15 April the number of “k” days is 10 (ten).

]]>In cases where the “k” value is greater than three, for the total collateral calculation the following rules are applied:

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday.

1 January New Year Holiday, fort he DAM-IM collateral calculation to be made on 28 December, 29 December and 2 January the number of “k” days is 4 (four).

Collateral Notification Date | Detail |
---|---|

28 December 2023 | The value of “k” day is equal to 4 (four). 75% of the amount calculated over this number is going to be used in the total collateral calculation. The calculated collateral amount is going to be valid for the collateral controls on the same day (28th of December) at 5:00 pm and on the following business day (29th December) at 11:00 am. |

29 December 2023 | The value of “k” day is equal to 4 (four). 75% of the amount calculated over this number is going to be used in the total collateral calculation. The calculated collateral amount is going to be valid for the collateral controls on the same day (29th of December) 5:00 pm and on the following business day (2th of January) at 11:00 am. |

2 January 2024 | The value of “k” day is equal to 4 (four). 100% of the amount calculated over this number is going to be used in the total collateral calculation. The calculated collateral amount is going to be valid for the collateral controls on the same day (2th of January) 5:00 pm and on the following business day (3th of January) 11:00 am. |

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Kurban Bayramı (Feast of Sacrifice) Holiday, fort he DAM-IM collateral calculation to be made on 23^{th}, 26^{th} of June and 3^{th} July the number of “k” days is 7 (seven).

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

May 19 Commemoration of Atatürk Youth and Sports Day Holiday, fort he DAM-IM collateral calculation to be made on 17 May, 18 May and 22 May the number of “k” days is 4 (four).

]]>The “k” value is used in the Day Ahead – Intraday Market collateral (DAM-IM) calculations and it represents the last “k” days in which the commercial transactions in these two markets are different than zero in last 30 days. Within the scope of Collateral Calculation Procedure, for public holidays longer than two days, the “k” number is 1 (one) more than the number of days on the holiday.

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

1 May Labor and Solidarity Day Holiday, fort he DAM-IM collateral calculation to be made on 27 April, 28 April and 2 May the number of “k” days is 4 (four).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to Ramazan Bayramı (Feast of Ramadan) Holiday, fort he DAM-IM collateral calculation to be made on 18 April, 19 April and 24 April the number of “k” days is 5 (five).

]]>

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to 29 Ekim Cumhuriyet Bayramı Holiday, for the DAM-IM collateral calculation to be made on 26 October, 27 October and 31 October the number of “k” days is 4 (four).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to Kurban Bayramı Holiday, for the DAM-IM collateral calculation to be made on 28 April, 29 April and 5 of May, the number of “k” days is 6 (six).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to 29 Ekim Cumhuriyet Bayramı Holiday, for the DAM-IM collateral calculation to be made on 26 October, 27 October and 1 of November, the number of “k” days is 5 (five).

]]>

75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to 30 Ağustos Zafer Bayramı Holiday, for the DAM-IM collateral calculation to be made on 26 August, 27 August and 31 of August, the number of “k” days is 4 (four).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to Kurban Bayramı Holiday, for the DAM-IM collateral calculation to be made on 14 July, 16 July and 26 of July, the number of “k” days is 10 (ten).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to Feast of Ramadan Holiday, for the DAM-IM collateral calculation to be made on 10 May, 11 May and 17 of May, the number of “k” days is 6 (six).

]]>75% of the amount calculated over the “k” number is used on workdays before the holiday

100% of the amount calculated over the “k” number is used on workdays following the holiday

Due to National Sovereignty and Children’s Day Holiday, for the DAM-IM collateral calculation to be made on 21 April, 22 April and 26 of April, the number of “k” days is 4 (four).

]]>