Portfolio Brokerage
Definition
Portfolio brokerage refers to the activity whereby investment institutions, in addition to execution brokerage, fulfill their clients' buy or sell orders for capital market instruments by acting as the counterparty to those transactions.
Why BtcTurk Yatırım?
At BtcTurk Yatırım, we offer Portfolio Brokerage services for Borsa Istanbul Debt Securities Market (BIST DIBS) products and aim to expand the product range based on the evolving needs and demands of our investors.
In addition to securities traded on the BIST Outright Purchases and Sales Market, BtcTurk Yatırım also provides pricing through its platform for eurobonds issued by the Turkish Treasury in international markets. For investor orders regarding Debt Securities Market products, BtcTurk Yatırım acts as the counterparty, ensuring transactions are executed in alignment with market prices and under reasonable pricing conditions, offering fast, reliable, and accessible service.
BtcTurk Yatırım provides portfolio brokerage services for products listed in its Tradeable Instruments List, which is created in accordance with internal policies and administrative decisions. Products available for transactions under portfolio brokerage include:
Instruments Available for Portfolio Brokerage
Government Domestic Debt Securities (DIBS)
Debt securities issued by the Ministry of Treasury and Finance in the domestic market. The issuer (government) makes interest (coupon) payments and principal repayment on maturity. These securities are classified based on their maturity, currency of issuance, coupon structure, and issuance method. Instruments with maturity less than 1 year are called treasury bills, while those with maturity over 1 year are government bonds. Investors who hold to maturity are guaranteed a fixed return; however, if sold before maturity, gains or losses may occur depending on market conditions.
Private Sector Debt Instruments
Debt securities issued by banks and joint-stock companies to raise funds. Like government bonds, they are classified by maturity, issuance method, and coupon type. Due to higher default risk compared to government bonds, they generally offer higher yields. If sold before maturity, gains or losses may occur depending on market conditions at the time of sale.
Eurobonds
Long-term debt instruments issued abroad by public or private institutions within the scope of foreign borrowing programs. Issued in a currency different from the issuer’s home currency. Custody is held abroad. Periodic coupon payments are made (every 6 months for USD, annually for EUR). For detailed information about risks associated with these instruments, please refer to the “Pre-Contractual Brokerage Information and Risk Disclosure” document.
You can submit orders for BIST Debt Securities Market products quickly and easily through our digital platform. For individual investors wishing to trade BIST DIBS products via BtcTurk Yatırım, simply click the Open Account link. Your investment account will be opened entirely online, without needing to visit a branch.
BtcTurk Yatırım clients can also buy/sell DIBS products via the mobile application, without the need for a customer representative, guided by clear and user-friendly notifications. Live customer support is available whenever assistance is needed.