Ancillary Services

Margin Trades

To increase your revenues in your BIST stock trades, you can make transactions with the margin limit allocated by Tacirler Investment.

How can you execute margin trades?

• First of all, the Intermediation Framework Agreement for Margin Trading and Short Selling and its annexes must be signed as determined by Tacirler Investment, or the Margin Trading and Short Selling Agreement must be approved online.
• Your margin trading and/or short selling limit request is submitted to the approval of the Credit Committee, which meets on every working day.
• Stamp Duty and Banking and Insurance Transaction Tax are not collected from the limit allocations.
• The maximum margin trading and/or short selling limit that you can request cannot exceed the total net assets of your portfolio.
• Margin trading and/or short selling limits are allocated as 5.000 TRY and the multiples of this amount.
• If the investors demand to increase the first allocated limit subsequently, they must sign the "Annex: 2 Margin Trading and Short Selling Limit Increase Form" or request a limit increase online.
• The initial equity ratio when opening a credit account is 50%.

In which conditions can you use your margin trading limit?

• Credit interest accrues on a daily basis and is charged to the account.
• Maintenance equity ratio during the use of the margin is 35%.
• If the equity ratio falls below the maintenance equity ratio (35%) during the use of the margin, an Equity Completion Notification must be sent to the client according to the Communiqué of the CMB with Series V No: 65, and a request must be made to the client to reduce the equity ratio to 50% (minimum), which is the initial equity ratio, within 2 days at the latest.
• If it is not completed within the given period of time, the intermediary institution is authorized to settle the margin by selling the capital market instruments purchased with margin trading and/or given as equity, without the need to send a separate notification.

What are the trading restrictions when using your margin trading limit?

• It is possible to trade only with the stocks determined by the Credit Committee. It is impossible to trade with unsecured stocks.
• The Credit Committee may change the margin rate whenever it deems it necessary.
• The Credit Committee may apply a limitation of amount on stock basis.

To get more information about margin trading and to request a margin, you can contact us via destek@tacirler.com.tr or contact our investment centers.

Borrowing and Lending Securities

We also serve our investors in the "Securities Lending Market", which is an organized market that brings together the investors intending to borrow securities for a certain period of time by providing a collateral in the type and amount determined by the Takasbank and approved by the CMB, and the investors intending to lend securities for the purpose of earning an additional revenue. Group A and B stocks traded on the Stock Exchange Markets and the Exchange Traded Fund participation certificates are exchanged in this market.

What are the advantages of the securities lending market?

• You can earn an additional revenue in your portfolio. You can earn an additional revenue by lending (renting out) the securities available in your portfolio at different maturities. The ownership of the securities that you lend belongs to you. If capital increase or the rights such as dividend payment arise in relation with the securities traded within the maturity period, you will benefit from these rights. Except for certain conditions, you are not entitled to sell the securities that you lend during this period, because you have to wait until the maturity date to receive the securities back.
• Through short selling, you can take the opportunity to benefit from the declines in the market. If you are expecting a decline in the securities market and you do not have any securities, you can take the opportunity to earn additional revenues from the declines by short-selling the securities that you have borrowed from this market, on the condition that you deliver these securities back at the end of the maturity period.

To trade in the Securities Lending Market, you can contact us via destek@tacirler.com.tr.

Foreign Exchange Services

Tacirler Investment executes all your foreign exchange buying and selling requests for your foreign exchange investments quickly and in line with the market conditions.

Your foreign exchange buying and selling requests up to 20.000 USD / EUR / GBP can be made by 13:00 if your money is linked to any mutual fund, or 16:30 if not linked to any mutual fund, based on the internet banking rate of the bank that Tacirler Yatırım works with for foreign exchange buying and selling transactions.

Your foreign exchange buying and selling requests above 20.000 USD / EUR / GBP are executed by our Treasury Department based on interbank foreign exchange markets over the exchange rates received from the banks that our institution works with.

To avoid delays due to exchange rate fluctuations; after your foreign exchange request is accepted on the phone, we expect you to send your written and signed request as well. No written or verbal instructions are expected for your foreign exchange transactions within the scope of Forex (Leveraged Trading Transactions).