A gong ceremony was held for Takasbank Public Collateral Management Platform at Borsa Istanbul

A gong ceremony was held for Takasbank Public Collateral Management Platform at Borsa Istanbul

A gong ceremony was held for Takasbank Public Collateral Management Platform at Borsa Istanbul.

The ceremony was attended by Korkmaz Ergun, General Manager of Borsa İstanbul AŞ; Selami Korkmaz, Member of the Public Procurement Board; Nazmi Zarifi Gürkan, Deputy General Manager of Accounting at the Ministry of Treasury and Finance; Gökhan Şahin, General Manager of Credit Bureau; Sungurlu, General Manager of Takasbank; and many other guests.

In his speech at the ceremony, Avşar Sungurlu said that Takasbank continues to offer all of its services at international standards and develop them in line with sectoral dynamics in line with its vision to contribute to the development of capital markets.

Reminding that Takasbank Public Collateral Management Platform was commissioned in 2021 and started to provide services for temporary electronic letters of guarantee and surety bonds within the scope of the tenders held through the Public Procurement Authority, Sungurlu stated that the platform enables the execution of many transactions related to electronic letters of guarantee and surety bonds.

Sungurlu stated that as of January 22, electronic performance bonds and surety bonds were transferred to Takasbank Public Collateral Management Platform with the integration realized between the Ministry of Treasury and Finance General Directorate of Accounting, Public Procurement Authority and Takasbank.

“Phase 2 successfully completed”

Stating that the integration enabled the Ministry of Treasury and Finance General Directorate of Accounting to record the electronic letters of guarantee submitted to the administrations within the scope of central government and that the phase-2 transition of the project, which was realized with the support of all stakeholders, was successfully completed, Sungurlu said: “Today, letters of guarantee and surety bonds issued electronically through the Platform can be managed effectively, efficiently and quickly.

All these collateral management processes are integrated with the Electronic Public Procurement Platform of the Public Procurement Authority. Thanks to the effective and fast reporting tool available on the platform, the top administration can access the data of all administrations and sub-administrations reporting to it, which is one of the important advantages of the system. Another important point is that the access of administrations and Takasbank to bidder and collateral information is restricted until the tender is opened in public procurement processes, thus ensuring the security and confidentiality of both the bidder and the collateral.”

Source: Dunya

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