Türkiye’deki Finansal Kuruluşlar için Alternatif ve Etkili Finansman Kaynağı: İpoteğe Dayalı Menkul Kıymetler

Abstract

Keywords

• Sermaye Piyasası Hukuku,Mortgage,Menkul Kıymetler,Menkul Kıymetleştirme,İpoteğe Dayalı Menkul Kıymetler

ALTERNATIVE AND EFFECTIVE FUNDING SOURCE FOR THE FINANCIAL INSTITUTIONSOF TURKEY: MORTGAGE-BACKED SECURITIES

Abstract

Mortgage-backed securities (MBS) issuances regulated under the Capital Market Law No. 6362 Article 58 and the Capital Markets Board (CMB) Communiqué on Asset-Backed and Mortgage-Backed Securities (Serial No: III -58.1). The purpose and scope of this article is to explain general aspects of MBS issuances and its structure as an alternative financial remedy for the financial institution in Turkey along with the selected issues of Turkish legal framework. This article also is a suggestion to the financial institutions of Turkey to use MBS for raising funds from the capital markets to boost up the domestic economic development. This article aims to take the attention of the financial institutions to belated MBS issuances as an alternative funding source in Turkey. If we express it here as a recent development, the “New Economic Programme” includes the provision on supporting the securitizations (includes the MBS issuances) in Turkey to ensure the financial depth and stability.

Keywords

• Capital Markets Law,Mortgage,Securities,Securitization,Mortgage-Backed Securities

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