Halk Invest has an advanced technological infrastructure that makes it possible for its customers to carry out their Share (Stock Certificate) purchase-sale transactions in a fast and safe manner. Halk Invest differs in its service quality with its ease of access to current and objective data regarding the markets and its efficiency in its order transmission process.
Margin Trading Transactions are a suitable option for the investors who expect a price rise throughout the market or in the shares, which they determine, but do not want to transfer more funds to their portfolio. If shares are but no cash is available in your account and you still want to make a purchase, the solution is a credit against share security.
Our customers are provided with loans in return for the portfolios they have, at the shares determined by Halk Invest and in proportion to their portfolios, within the framework of the criteria designated in accordance with the legislation.
Short Selling Transaction option is presented for investors who request the sale of unowned capital market instruments or the placement of an order for the sale. At the same time, fulfillment of the exchange obligation concerning the sale with borrowed capital market instruments is taken into account as a Short Selling Transaction.
In Equity Market transactions, a Lending Transaction means the process of giving back a share owned by the lender to the borrower in exchange for a certain period and commission and repurchase of the respective share by the lender at the end of a determined period.
All rights like a right to prefer and dividends of the loaned shares along with the Lending Transaction belong to the lender and no change on the proprietorship of the shares takes place.
For receiving information about our competitive commission ratios and for all your Equity Market transactions, you can contact us via “Private Transaction Center” (444 HALK) through a total of seven Turkey-wide branches and you can conduct your Equity Market transactions from the internet branch and mobile devices; shortly, anywhere with an internet connection. Moreover, you can keep track of the Equity or Futures and Options Market securities instantly.
Equity Market: email@example.com
With the T+0 Application, which was put into service to meet urgent cash needs, the amount to be acquired in exchange for a sale of shares (stock certificates) can be withdrawn or transferred on the T+1 day or T+0 day (same day) without waiting for the T+2 day.
|LOWER LIMIT||UPPER LIMIT||DAILY COMMISSION|
|1.000 TL||9.999 TL||8 TL|
|10.000 TL||19.999 TL||16 TL|
|20.000 TL||29.999 TL||24 TL|
|30.000 TL||39.999 TL||32 TL|
|40.000 TL||49.999 TL||40 TL|
|50.000 TL||59.999 TL||48 TL|
|60.000 TL||69.999 TL||56 TL|
|70.000 TL||79.999 TL||64 TL|
|80.000 TL||89.999 TL||72 TL|
|90.000 TL||100.000 TL||80 TL|
|100.000 TL||109.999 TL||87 TL|
|110.000 TL||119.999 TL||94 TL|
|120.000 TL||129.999 TL||101 TL|
|130.000 TL||139.999 TL||108 TL|
|140.000 TL||149.999 TL||115 TL|
|150.000 TL||159.999 TL||122 TL|
|160.000 TL||169.999 TL||129 TL|
|170.000 TL||179.999 TL||136 TL|
|180.000 TL||189.999 TL||143 TL|
|190.000 TL||200.000 TL||150 TL|
Futures and Options Market (FOP) Futures Agreement
Futures agreements (futures) is a contract that imposes an obligation to purchase or sell commodity, value, or financial indicator at a standardized quantity and quality on a specified date, at the price agreed today, on the parties of the agreement.
It is a contract that confers the party purchasing the option the right to purchase or sell the asset on the basis of a predetermined price, amount, and quality in return for the premium paid and that obliges the seller to purchase or sell in return for the premium earned.
FOP Functioning Principles and Properties
FOP operates under the umbrella of Borsa Istanbul. Takasbank provides a Central Counterparty service to minimize the counterparty risk in the transactions carried out and the exchange of all transactions are conducted by Takasbank. This ensures that FOP is a safe and transparent market.
A buy/sell position is taken with a certain initial collateral to perform transactions. Profit/loss is calculated every day in line with the end-of-day settlement prices and reflected on the collateral accounts within Takasbank.
When the customer's total collateral drops below the end-of-day settlement price and the initial collateral (when the equity ratio declines from 100%), the investor is asked to increase its collateral to the initial level. Collaterals are paid by Takasbank on a daily basis.
Leverage Impact:It ensures that higher-volume transactions can be performed in exchange for the deposited amount.
Bidirectional Transaction: Transactions can be carried out when prices are either rising or falling.
Hedging: : Futures transactions safeguard producers, importers, exporters, investors, and the whole real sector against interest, exchange rate, and price risks.
Payment of Collaterals: Overnight interest is applied to the collateral in TL currency you deposit for a futures transaction, irrespective of whether a position is available or not.
Tax Advantage: No withholding tax is applied to an Index agreement being traded on FOP or agreements based on single shares.
|F_||Agreement Group (Futures Agreement)|
|USDTRY||Underlying Asset Code (Dollar/TL)|
|XU030||Underlying Asset Code (BIST Index 30)|
|EREGL||Underlying Asset Code (Ereğli Stock Certificate)|
|0621||Maturity Date (Ex: June 2021)|
Ex: F_USDTRY0621 - F_XU0300621
|O_||Contract Group (Option Contracts)|
|XU030||Underlying Asset Code (BIST Index 30)|
|0421||Maturity Date (April 2021)|
|P||P: Put Option C: Call Option|
Click here to access the futures agreements within the Futures and Options Market.
Click here to access the options agreements within the Futures and Options Market.
Call (Purchase) Option: It is an option transaction that grants/encumbers the right/obligation to buy the underlying asset at a predetermined price in exchange for a premium on a maturity date or up to a certain maturity date to the Buyer/Seller.
Two different positions can be taken in the Call Option:
- Long Call in the Call Option : Upward price expectation
- Short Call in Call Option : Downward price expectation
Put (Sell) Option: It is an option transaction that grants/encumbers the right/obligation to sell the underlying asset at a predetermined price in exchange for a premium on a maturity date or up to a certain maturity date to the Buyer/Seller.
Two different positions can be taken in the in a put option:
- Long Put in a Put Option : Upward price expectation
- Short Put in Put Option : Downward price expectation
FOP Trading Hours
Click here to access the Futures and Options Market trading hours.
FOP Order Types
Click here to access the Futures and Options Market order types.
FOP Evening Evening Session
Transactions of the evening session as of January 17 2020 have commenced at FOP and please click here for detailed information about the respective transactions,
The entire price of the asset subject to purchase-sale in the spot market is paid in advance. In Futures agreements, it is sufficient to deposit an amount referred to as initial collateral and corresponding to a certain ratio of the total amount of the transaction as collateral.
SPAN-based collateralization method is applied for the transactions conducted at FOP. The parameters that constitute the basis for the calculation of a collateral on the basis of the portfolio are determined and announced by Takasbank. Click here to access Takasbank SPAN parameters
End of Day Collateral Completion Call
In the event that the collateral in the account drops below 100% as a result of the end of day settlement prices determined at the end of the respective day, a collateral completion call is carried out. The collateral completion obligation must be fulfilled by performing a risk-reducing transaction or depositing collateral until 14:20 on the T+1 day. Otherwise, the risk-reducing transaction will be ex officio carried out.
Intraday Collateral Completion Call
Following the determination of the fact that as a result of the valuation of the positions in the FOP account, with instant market prices, the minimum collateral ratio required for the total collateral ratio has declined to 50% or below, an Intraday collateral call can be made on the same day in a determined period with the fastest communication tool in accordance with Article 7 and sub-articles of the Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments. In the event that no additional collateral is deposited and/or risk-reducing action is taken to raise the equity ratio during the period announced following the call made, some or all of the required positions might be closed ex officio in a manner that it will carry them over the initial collateral without any further notice. Besides, if it is determined that after the collateral completion call is made or at anytime, the minimum collateral ratio required to be maintained falls to 20% or below, as a result of valuation with instant market prices, due to volatility and sudden price movements, some or all of the required positions might be closed ex officio in a manner that it will carry them over the initial collateral.
End of Maturity Settlement
Physical delivery is applied in the end of maturity settlement method of share-based futures and options agreements and commodity futures agreements. In all agreements other than the foregoing ones, cash settlement is considered as the end-of-term settlement method. Click here for detailed information.
FOP Risk Parameters
Click here to access the risk parameters created by Takasbank for FOP transactions
Taxation in FOP Transactions
In FOP transactions, the revenues from the contracts based on share (stock) certificates or share (stock) certificate indices are subject to 0% withholding and revenues from other contracts are subject to 10% withholding; withholding is the final tax and it is not declared.
Investors must open an investment account in Halk Yatırım Menkul Değerler A.Ş. to be able to sign a Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments.
Each customer must sign a Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments with the Company to be able to open an investment account.
Hence, if the customer does not have a Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments:
-Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments,
-Capital Market Transactions Risk Notification Form,
-Real Beneficiary Declaration Form, and
-Customer Information Form are caused to be signed by and
-Photocopy of identity card (ID card, driver's license or passport, etc.)
-Address confirmation document (residence certificate, invoice for the last three months, etc.) are received from that customer.
It is sufficient for individual customers who have an investment account at Halk Invest to sign the:
-Framework Agreement for Intermediating to Purchase and Sale of Derivative Instruments and its Annexure
-Derivative Instruments Risk Notification Form.
Subsequent to application of the investment account opening and investor eligibility test in Halk Yatırım Menkul Değerler A.Ş. within the scope of the Procedure for the Eligibility Test and Update Principles, documents and contracts concerning the opening of an account must be received from the customer.
FOP Electronic Transaction Channels
-Halkbank and Halk Invest Internet Branches
-Foreks Mobile and Foreks Desktop
-Matriks Mobile and Matriks Desktop
-Halk Trader Mobile Integration
-Halk Trader Plus
For receiving information about our competitive commission ratios and for performing all your FOP transactions, you can contact us via “Private Transaction Center” (444 HALK) through a total of seven Turkey-wide branches and you can conduct your Equity Market transactions from the internet branch and mobile devices; shortly, anywhere with an internet connection. Moreover, you can keep track of the 10 FOP or Equity Market securities from our web services instantly.
Forex Market is an over-the-counter market based on leveraged purchase-sale of currency pair transactions. Leveraged transactions are conducted over the prices determined in line with the supply and demand balances.
The participants of the Forex market are commercial banks, central banks, portfolio management firms, intermediary institutions and organizations, insurance companies, large investment companies, international funds, and individual investors.
No general center where orders are processed is available in the Forex market. Nevertheless, there are commercial centers in different parts of the world. Among those centers, London, New York, Tokyo, Frankfurt, Singapore, Paris, and Hong Kong centers can be listed as the most important ones.
With CFD (Contracts for Difference), which presents the opportunity to perform bidirectional transactions on world stock indices, precious metals, and commodities, you can carry out transactions for arbitrage, hedge, and speculative purposes.
For detailed information on the FX and CFD markets: www.halkfx.com.tr
With its expert and experienced personnel, the Halk Invest Corporate Brokerage Department provides information, comments, and investment suggestions on Capital Market products to Corporate and Qualified Individual Investors.
It carries out brokerage services for the sale of the corporate finance products like borrowing instruments, Islamic financing transactions, and primary and secondary public offering sales of stock certificates, by determining and following the investment products required by all Corporate Investors, particularly Portfolio Management Companies, Investment Funds, Pension and Insurance Companies, Pension Funds, and Foundations.
Corporate Brokerage Activities
* Providing brokerage services for the purchase and sale of investment products, and making comments and suggestions
*Ensuring that Corporate Finance products like Financing Bonds or Lease Certificates are brought together with the right investor profile
*Providing services like share buying back and providing of liquidity to publicly traded partnerships
*Providing brokerage services also for the Qualified Individual Investors in addition to Corporate Investors and making comments and suggestions by determining products suitable for their risk profiles
* Supporting the commercial activities of Corporate Investors operating in the agricultural field by acting as an intermediary in their ELUS (Electronic Product Certificate) transactions.
Who is a Qualified Investor?
They are domestic and foreign investment funds, pension funds, investment partnerships, brokerage institutions, banks, insurance companies, portfolio management companies, mortgage financing institutions, pension and charity funds, foundations, funds established pursuant to the respective article of the Social Insurance Law, associations benefiting to public, and other investors to be determined by the Board to be similar to the foregoing institutions by their nature, as well as the real and legal entities who own Turkish Lira in the amount of at least 1 million, foreign currency, or capital market instruments as of the issue date of the capital market instruments .