NTB Secretary General M. Eray Ölçal made a statement about TÜRİB agency
Nizip Commodity Exchange General Secretary M.Eray ÖLÇAL was established with the partnership of TOBB and 53 commodity exchanges across Türkiye, Türkiye Üretim İhtisas Borsası A.S. It was announced that product trade will be carried out with electronic product bills.
Pursuant to the decision of the Council of Ministers dated 27.02.2017 and numbered 2017/9986, issued within the framework of Article 53 of the "Union of Chambers and Commodity Exchanges of Turkey and the Law on Chambers and Commodity Exchanges" numbered 5174, the company was established in 2018 to ensure that Electronic Product Certificates (ELÜS) can be traded under a single stock exchange, and the company was founded as Nizip Commodity Exchange. is one of the partners
He announced that Nizip Commodity Exchange is one of the authorized agencies of Türkiye Üretim İhtisas Borsası AS, which will carry out its activities throughout Turkey under the coordination and assurance of TOBB, the Ministry of Commerce, the Capital Markets Board, TMO, Borsa İstanbul, Takas İstanbul, Central Registry İstanbul, the Ministry of Agriculture and Forestry and the Ministry of Treasury and Finance.
Once TÜRİB becomes operational, the buying and selling transactions of Electronic Product Receipts (ELÜS) will be carried out by investors by accessing http://www.turib.com.tr and entering orders directly via the "TÜRİB Transaction Platform", without intermediaries. Following TÜRİB's commencement of operation, Nizip Commodity Exchange, which is TÜRİB's Agency, has been authorized to carry out stockbroking activities regarding ELÜS. The authority of the Stock Exchanges that were previously authorized to carry out stock exchange activities related to ELÜS will expire, and all ELÜS transactions will begin to be carried out by the Stock Exchanges that are agents within TÜRİB. At this point, when TÜRİB becomes operational, investors who carry out ELÜS transactions must register with TÜRİB in order to continue their transactions. Our Nizip Commodity Exchange is the Commodity Exchange that can be registered by ELÜS investors within the scope of Agency service. The products processed at TÜRİB are barley, wheat, paddy, hazelnuts, lentils, corn, cotton, soybeans and olives, and the product range will be expanded and served in the future. In order for investors to continue their ELÜS transactions without any interruption, they must complete the registration process with TÜRİB from our Stock Exchange as soon as possible. We expect all our investors to apply to our Stock Exchange to buy and sell online via the TURİB platform. "I wish all our producers and traders to have a fruitful year," he said.
TURİB REGISTRATION PROCEDURES
Producers who will deliver products to licensed warehouses and investors who want to carry out ELÜS buying and selling transactions are required to be registered by applying to our Stock Exchange with all the information and documents specified below separately for real and legal persons before starting to trade in TÜRİB.
The registration process is completed by entering the documents submitted by our stock exchange into the TÜRİB system and completing the investor registration and related documents.
When investors want to update their information in the TÜRİB system, they can make these changes through the Commodity Exchange, which registers investors as an agency. Agencies do not have the authority to change or delete investor information ex officio, but changes can be made to the information upon investors' request with a signed signature.
Required Documents for Real Persons
1) Photocopy of Identity Card
2) Any of the documents considered valid for address confirmation (residence certificate, invoice, etc.)
3) Real Person Customer Identification Form (Annex/2 or Annex/3-b in case of appointment of a proxy)
(In case a power of attorney is given by a real person, the power of attorney issued by the notary will be added to the document.)
4) Document showing the investment account to be obtained from the Intermediary Institution or Bank.
(ELUS Account Information Form, which will be obtained from the bank where the investment account is located, containing the ELÜS Account Number and the Central Registry Agency (MKK) Registry Number)
5) Investor Disclosure, Approval and Commitment Text (Investor Commitment Letter) (Annex/4)
Required Documents for Legal Entities
1) A copy of the Registry Gazette containing the establishment announcement
2) Sample of Activity Certificate obtained from the Trade Registry
3) Tax Certificate sample
4) Signature Circular
5) Legal Entity Customer Identification and Representative Appointment Form (Annex/3-a)
(The decision taken by the authorized body of the legal entity regarding the appointment of a representative and the signature circular showing that the decision in question was taken by the authorized persons will be added to the document.)
6) Document showing the investment account to be obtained from the Intermediary Institution or Bank.
(ELUS Account Information Form, which will be obtained from the bank where the investment account is located, containing the ELÜS Account Number and the Central Registry Agency (MKK) Registry Number)
7) Investor Disclosure, Approval and Commitment Text (Investor Commitment Letter) (Annex/4)