Processes Within the Scope of Collateral Procedures and Principles
- The Market Operator makes the necessary calculations regarding the collateral amounts to be submitted in accordance with the Collateral Procedures and Principles until 14:30 each working day. It informs the market participants and the central settlement bank on a participant basis.
- The collateral amount calculated in accordance with the Collateral Procedures and Principles is used in the Intraday Market at 17:00 on the same day and in the Day Ahead Market and Intraday Market collateral checks at 11:00 on the next business day. Collateral control is also made for the Day Ahead Market at 17:00 on the business day before the weekend or public holiday.
- Market participants submit their letters of collateral to the Market Operator until 10:30 for collateral checks to be made at 11:00 every working day. It transmits other collaterals other than the letter of collateral to the central settlement bank until 11:00. It sends the letter of collateral for the collateral checks to be made at 17:00 to the Market Operator until 16:30. It presents the other collaterals other than the letter of collateral to the central settlement bank until 17:00.
- Cash collateral withdrawal transactions to be carried out by the market participant for the collateral submitted in accordance with the Collateral Procedures and Principles are made between 15:05 and 15:40 on any business day. Withdrawals of non-cash collateral can be made between 15:05 and 17:00.