Öz
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.