Tezg\u00e2h \u00dcst\u00fc Piyasa (OTC), menkul k\u0131ymet veya finansal ara\u00e7lar\u0131n merkezi bir borsa yerine do\u011frudan taraflar aras\u0131nda i\u015flem g\u00f6rd\u00fc\u011f\u00fc piyasad\u0131r.<\/p>\n
OTC piyasalar\u0131 \u015fu \u00f6zelliklere sahiptir: merkezi borsa olmamas\u0131, do\u011frudan ikili i\u015flemler, daha az \u015feffafl\u0131k, esnek i\u015flem ko\u015fullar\u0131 ve farkl\u0131 d\u00fczenleyici \u00e7er\u00e7eveler. OTC i\u015flemleri tipik olarak bayilerin (dealer) sa\u011flad\u0131\u011f\u0131 al\u0131\u015f\/sat\u0131\u015f fiyatlar\u0131yla y\u00fcr\u00fct\u00fcl\u00fcr ve genellikle daha geni\u015f spread’ler i\u00e7erir.<\/p>\n
OTC piyasalar\u0131nda i\u015flem g\u00f6ren ba\u015fl\u0131ca varl\u0131klar: k\u00fc\u00e7\u00fck cap halka a\u00e7\u0131k hisseler (OTC Markets, OTCBB), tezg\u00e2h \u00fcst\u00fc t\u00fcrevler (forwards, swaps, exotic options), tahviller (b\u00fcy\u00fck \u00e7o\u011funlu\u011fu OTC), d\u00f6viz i\u015flemleri ve \u00f6zel \u015firket hisseleri. Pre-IPO hisselerin ikincil pazar\u0131 da b\u00fcy\u00fck \u00f6l\u00e7\u00fcde OTC karakteri ta\u015f\u0131r.<\/p>\n
OTC piyasalar\u0131 daha az d\u00fczenleme alt\u0131nda olsa da h\u00e2l\u00e2 \u00f6nemli kurallara tabidir: SEC’in 2008 sonras\u0131 t\u00fcrev reformlar\u0131 (Dodd-Frank), ba\u011f\u0131ms\u0131z i\u015flem raporlama, manip\u00fclasyon yasaklar\u0131 ve doland\u0131r\u0131c\u0131l\u0131\u011fa kar\u015f\u0131 kurallar. OTC piyasalar\u0131ndaki \u015feffafl\u0131k eksikli\u011fi yat\u0131r\u0131mc\u0131 koruma endi\u015feleri yarat\u0131r ve s\u00fcrekli d\u00fczenleyici geli\u015fmelere konu olmaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
TLDR: Tezg\u00e2h \u00dcst\u00fc Piyasa (OTC), menkul k\u0131ymet veya finansal ara\u00e7lar\u0131n merkezi bir borsa yerine do\u011frudan taraflar aras\u0131nda i\u015flem g\u00f6rd\u00fc\u011f\u00fc piyasad\u0131r. OTC Piyasa \u00d6zellikleri OTC piyasalar\u0131 \u015fu \u00f6zelliklere sahiptir: merkezi borsa olmamas\u0131, do\u011frudan ikili i\u015flemler, daha az \u015feffafl\u0131k, esnek i\u015flem ko\u015fullar\u0131 ve farkl\u0131 d\u00fczenleyici \u00e7er\u00e7eveler. OTC i\u015flemleri tipik olarak bayilerin (dealer) sa\u011flad\u0131\u011f\u0131 al\u0131\u015f\/sat\u0131\u015f fiyatlar\u0131yla y\u00fcr\u00fct\u00fcl\u00fcr ve […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-8194","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=8194"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8194\/revisions"}],"predecessor-version":[{"id":9267,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8194\/revisions\/9267"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=8194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=8194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}