Brokerage Services
Equity Markets
Trading at Borsa Istanbul made easy with Yapı Kredi Invest. The investment world requires fast and correct analytic results to obtain maximum return, therefore it is paramount to work with the best. Whether your interest is in equities, funds or certificates; Yapı Kredi’s expert investment team and strategies are with you.
Experienced staff of Yapi Kredi Invest is by your side around the clock to meet your needs and to navigate you correctly throughout Turkish financial markets with over 10 distribution channels.
Margin Trading
Securities credit is a loan which provides you leverage while investing in equities. Margin trading is subject to collateral rules set by Borsa Istanbul.
Day Trading
Day Trading is the easiest way to convert session changes in the equity market to opportunities.
Equity Lending & Borrowing
Yapı Kredi Invest is the market leading Turkish broker when it comes to offering equity lending and borrowing services.
The ownership of equities does not change during these transactions, and, all priority rights and/or dividend rights incurred during this period is borne by the lending party.
You can create additional income to your existing portfolio by lending out your securities by competitive market rates.
Short Selling
Short selling is defined as the act of selling the borrowed capital market instruments. Short-sell simply provides the investors the opportunity to take positions in down trending markets. Equities may be sold at current levels and replaced back at lower prices to take advantage of bear markets. Short selling, which is a very common product in the capital markets of developed countries, is served as an alternative solution by Yapi Kredi Invest to investors who want to benefit from the market dynamics.
Yapı Kredi Invest is the first Turkish broker to introduce short-sell facilities to local clients, supported by its experienced staff and wide lending pool.
Turkish Future and Option Markets
VIOP is the futures and options market established under Borsa Istanbul. Investors may trade futures and options as an alternative to traditional investment instruments.
Hedging strategies, arbitrage opportunities may be accomplished through underlying assets trading under VIOP. Futures contracts allow institutional and retial investors to open new positions or hedge their current positions according to their market expectations and risk perceptions. Investors may benefit from leverage, tax advantages and low transaction costs by trading VIOP instruments.
Through options, investors may diversify their portfolios and take a position parallel to their expectations.
Limited Custodian Service
It is limited to custodian of the capital market instruments authorized regarding transaction brokerage and portfolio brokerage and subject to brokerage services, custodian of portfolios managed for individual portfolio management, custodian of the capital market instruments issued via public offering regarding direct underwriting and best effort underwriting.
TradeBOX
TradeBOX is a fast and easy-to-use electronic trading platform which provides simultaneous and real-time access to a large variety of global futures and equities markets (i.e., stocks, commodities, indicies and currencies).
Investors may trade, invest and/or hedge in global futures and equity markets with access to real-time position-risk control mechanisms and detailed technical analysis both through online and mobile applications.
Futures Markets
Futures markets offer the opportunity to buy and sell futures contracts based on commodities (i.e., agriculture, precious metals, energy), currencies and indices (i.e., S&P, DAX)
For example; an investor who chooses to invest in Brent oil futures may purchase one contract by investing only 4,600 USD to initiate a position worth 35,000 USD. This contract provides approx. 1:8 leverage (35,000 / 4,600).
Portfolio Brokerage
FXBOX
Through FXBOX, our customers are provided the opportunity to trade currencies and precious metals 5/24. Investors may build their own strategies using a wide variety of technical indicators provided by FXBOX and take advantage of the leveraged world of FX through the platform’s simple and fast interface.
Advantages of the FX Markets:
- Leverage: The opportunity to take large positions relative to the amount of capital invested (collateral).
- Liquidity: FX markets are among the most liquid financial markets with a daily trading volume of nearly 5 trillion USD.
- Easy Access: Investors may access the markets 5/24 with an internet connection.
- Wide Variety of Orders: Investors may manage their positions using different order types such as “take-profit” and “stop-loss.”
- Trading both sides of the market: In addition to long positions, investors may also take advantage of downward price moves by taking a short position.
- Tight Spreads: The difference between the bid and ask prices remains low, thanks to high liquidity.
*FX markets in Turkey are regulated by the Capital Markets Board since 2011.
Investment Advisory
We believe asset allocation is an important part of a successful investment strategy. By sharing your investment ideas with our investment professionals, you can benefit from their sector experience. You may also get a personalised service tailored to your needs, investment objectives, risk threshold and expectations on projected return. Even when we are not instructed to make investment decisions on your behalf, our investment professionals and research team can provide guidance to help you develop an asset allocation strategy and investment guidelines.
Corporate Finance Services
Capital Markets Advisory
Capital markets are considered as one of the primary funding sources of corporates around the world. Capital markets in Turkey have shown great progress due to recent reforms in regulatory structure and expansion of local institutional investor base. Turkish assets with their attractive yield and growth prospects offer significant opportunities for international investors across the debt and equity markets.
Yapı Kredi Invest (YKI) Corporate Finance team advises corporates on funding alternatives from both local and international capital markets. With a highly experienced execution team, a broad distribution network and its innovative offerings, we are a leading platform in the market.
Equity Capital Markets
Equity capital markets, a principal ground for companies to access capital, also help them better institutionalize and attain a greater visibility to enhance their commercial and financial profile. Yapı Kredi Invest has helped many Turkish corporates on this journey by successfully leading their ECM transactions. With its wide distribution network, covering both local and international investor base, experienced advisory teams, and strong research capabilities Yapı Kredi Invest has an integrated platform to successfully execute international IPOs. In the last 3 years (2017 – 2019), YKI has acted as the leader in initial and secondary offerings totaling TRY 9.4 bn.
ECM deals completed in 2018
ASELSAN
2.989 mln TL
SPO
Global Coordinator and Domestic Leader
2018
ŞOK MARKETLER
2.294 mln TL
IPO
Domestic Co-Leader
2018
YKB
4.100 mln TL
Capital Increase
Domestic Leader
2018
Debt Capital Markets
TRY denominated local corporate bond market has demonstrated remarkable growth since 2010. From that point onward, DCM products have become one of the primary components of the capital markets in Turkey. Thanks to ever-growing demand, the local DCM products continue to offer flexible funding alternatives for issuers and attractive opportunities for investors.
Yapı Kredi Invest is a leading player in Debt Capital Markets, arranging corporate bonds, sukuks, covered bonds and asset-backed securities for corporate issuers. With its strong local sales/trading platform and in cooperation with its international partners, YKI provides access to both local and Eurobond markets. In the last 3 years (2017 – 2019) YKI has advised in DCM transactions totaling TRY 11.8 bn in local markets, and USD 3.5 bn in international markets. Since 2010, YKI advised 35 companies to fund themselves from corporate bond market.
2019
Aygaz
(2 Issues)
170.000.000 TL
Sale to Qualified Investors
Lead Arranger
June – August
Arçelik
(2 Issues)
1.000.000.000 TL
Sale to Qualified Investors
Lead Arranger
February – July
Sarten Ambalaj
50.000.000 TL
Sale to Qualified Investors
Lead Arranger
July
Tat Gıda
70.000.000 TL
Sale to Qualified Investors
Lead Arranger
June
Koçfinans
70.000.000 TL
Sale to Qualified Investors
Lead Arranger
June
Koç Fiat
90.000.000 TL
Sale to Qualified Investors
Lead Arranger
June
Otokoç
300.000.000 TL
Sale to Qualified Investors
Lead Arranger
March
Opet
250.000.000 TL
Sale to Qualified Investors
Lead Arranger
February
Tüpraş
250.000.000 TL
Sale to Qualified Investors
Lead Arranger
January
2018
Suzuki
40.000.000 TL
Sale to Qualified Investors
Lead Arranger
November
Otokoç
298.000.000 TL
Sale to Qualified Investors
(3 tranches)
Lead Arranger
February - October
Koçtaş
30.000.000 TL
Sale to Qualified Investors
Lead Arranger
October
Çelik Motor
175.000.000 TL
Sale to Qualified Investors
(2 tranches)
Lead Arranger
January - July
Bien Yapı
110.000.000 TL
Tahsisli Satış
Lead Arranger
June
Koç Fiat
155.000.000 TL
Sale to Qualified Investors
(2 tranches)
Lead Arranger
May - June
Kaleseramik
50.000.000 TL
Sale to Qualified Investors
Lead Arranger
June
Opet
390.000.000 TL
Sale to Qualified Investors
(3 tranches)
Lead Arranger
February - April
Koçfinans
190.000.000 TL
Sale to Qualified Investors
(2 tranches)
Lead Arranger
January - March
Aygaz
75.000.000 TL
Sale to Qualified Investors
Lead Arranger
January
International Transactions (UniCredit)
Rönesans GY
300 mln USD
Eurobond
Eş Talep Toplayıcı
April 2018
Vakıfbank
650 mln USD
Eurobond
Eş Talep Toplayıcı
January 2018
TSKB
350 mln USD
Eurobond
Eş Talep Toplayıcı
January 2018
2017
Koç Fiat Kredi
TL 60.000.000
Sale to Qualified Investors
Lead Arranger
July 2017
ALJ Finansman
TL 53.000.000
Sale to Qualified Investors
Lead Arranger
May 2017
Çelik Motor
TL 260.000.000
Sale to Qualified Investors
Lead Arranger
Feb-May 2017
Aygaz
TL 85.000.000
Sale to Qualified Investors
Lead Arranger
April 2017
Türk Traktör
TL 150.000.000 (2 tranches)
Sale to Qualified Investors
Lead Arranger
April 2017
Koçtaş
TL 100.000.000
Sale to Qualified Investors
Lead Arranger
Mar-Jun 2017
Koç Finans
TL 100.000.000
Sale to Qualified Investors
Lead Arranger
Jan-Mar 2017
2016
Selected Transactions
Sarten Ambalaj
TL 50.000.000
Sale to Qualified Investors
Lead Arranger
December 2016
Tat Gıda
TL 50.000.000 (2 tranches)
Sale to Qualified Investors
Lead Arranger
November 2016
Otokoç
TL 100.000.000 (2 tranches)
Sale to Qualified Investors
Lead Arranger
Aug-Nov 2016
IC İçtaş
TL 115.000.000
Sale to Qualified Investors
Lead Arranger
October 2016
Koçtaş
TL 50.000.000
Sale to Qualified Investors
Lead Arranger
October 2016
Nobel İlaç
TL 50.000.000
Sale to Qualified Investors
Lead Arranger
August 2016
Çelik Motor
TL 100.000.000
Sale to Qualified Investors
Lead Arranger
March 2016
Finans Leasing
TL 107.000.000 (2 tranches)
Sale to Qualified Investors
Lead Arranger
Jan-May 2016
Limak Çimento
TL 100.000.000
Sale to Qualified Investors
Lead Arranger
March 2016
Kaleseramik
TL 50.000.000 (2 tranches)
Sale to Qualified Investors
Lead Arranger
June 2016
TF Varlık Kiralama
TL 200.000.000 (2 tranches)
Public Offering and Sale to Qualified Investors
Lead Arranger
Jan-Feb 2016
Aygaz
TL 75.000.000
Sale to Qualified Investors
Lead Arranger
January 2016
International Transactions (UniCredit)
Halkbank
USD 500.000.000
Senior Unsecured Notes
Joint Global Coordinator
June 2016
TSKB
USD 300.000.000
Green/Sustainable Notes
Joint Bookrunner
May 2016
Vakıfbank
EUR 500.000.000
Mortgage Covered Notes
Structuring Bank and Joint Bookrunner
April 2016
Yapı Kredi
USD 500.000.000
Base III compliant Tier 2 Notes
Joint Lead Manager
March 2016
Other Capital Market Solutions
In addition to the innovative products it offers in equity and debt capital markets, YKI also offers different solutions including capital increase, tender offers and tailor-made financial advisory according to the needs of companies.
Research
Domestic and foreign economic and political developments play significant roles for determining the value of each asset class. Moreover, industry fundamentals coupled with competitive positioning of companies are the major drivers of equity valuation. Thus, macro and micro developments need to be monitored closely by experts in order to maximize risk-adjusted returns. High volatility at Turkish capital markets creates opportunities for investors and the main goal of Yapı Kredi Research is exploit these market inefficiencies through vigirous and diligent research process to generate alpha for its clients.
Yapı Kredi Invest provides research services to individual and corporate clients with an experienced and dedicated team of professionals. Our analysts incorporate macroeconomic data with industry and company-specific developments and prepare comprehensive sector and company analysis and reports. These reports include financial projections and strategic analysis of our analysts after through and detailed analysis of financial statements as well as meeting with company managements.
Electronic Trading
Yapı Kredi Invest Electronic Trading offers a comprehensive suite of premier execution solutions by leveraging local know-how and cutting-edge technology. The firm’s vast electronic trading resources, its access to superior liquidity, and its leading scale position in the capital markets makes YKI one-stop shop for all Borsa Istanbul products.
Products
Turkish regulatory bodies have completed significant changes on the equity and derivatives market over the last few years. In January 2014, Borsa Istanbul (BIST) signed a strategic agreement with NASDAQ OMX. On November 30, 2015, BIST upgrades its Equity platform to NASDAQ OMX technology (INET). This has created a big market structure change!
DMA
YKI provides DMA connectivity to Borsa Istanbul for all asset classes. YKI is continuously investing in building a high-speed and resilient network infrastructure based on best industry practices.
• Infrastructure is maintained in two different datacenters (Istanbul and Kocaeli) for a continuous and stable connection with Istanbul Stock Exchange.
• Exchange network connectivity is supported via dedicated fiber lines, the highest bandwidth connection supported by Istanbul Stock Exchange.
Algorithms
YKI signed a strategic agreement with a global technology provider to develop algorithms for Borsa Istanbul market structure. YKI offers execution algorithms in all asset classes with benchmarks including arrival, volume participation and close.
Colocation
YKI offers co-location services in Borsa Istanbul including hosting and market access. YKI offers ultra-low latency market access gateway (MAG) to access Equities and Futures at Borsa Istanbul via FIX. In terms of latency,
Corporate Access
In the investment community, it is a paramount to have access to reliable information and to stay connected with corporates at all times. Our corporate access department creates tailor made solutions, investment manager and corporate executives together. While investors get a chance to acquire the most vital information from the first hand, corporates bring themselves forth on an international scale. Investor conferences, global roadshows, group meetings or one on one meetings; our corporate access team intends to realize this synergy at every step along the way.
- Yapı Kredi Invest Corporate Events
- Turkish Equities Conferences
- Company Roadshows
- Reverse Roadshows & Site Visits
- Analyst Roadshows
- Power Meeting Series
