TEB Offers ETF Derivatives Trading Services in Turkey
 
TEB Securities Services, formed by TEB A.S. and BNP Paribas Securities
Services (‘BNP Paribas') in 2007, is now able to offer clients a unique
integrated execution, clearing and reporting solution for exchange-traded
derivatives in Turkey,. This solution, which complements the TEB Securities
Services local clearing and custody offer, deliversing secure transactions
at lower costs and reduced operational risk, in Turkey.
This solution complements the fully-fledged local clearing and custody
offer provided by TEB Securities Services.

Through TEB Treasury's membership of TurkDEX, the Turkish derivatives
market, TEB Securities Services now offers a single entry point to Turkish
exchange-traded derivatives for execution and clearing of all instrument
types. This solution, which combines the expertise of BNP Paribas
Securities Services, the European's leading asset servicing provider, with
TEB's local market knowledge to offer clients provides  the following
services :

Front office side :
·     Execution with pro-active margin and funding solutions
·     Ttrade confirmation

Back office side :
·     Reconciliation of market executions
·     Margin Call payment and collateral management
·     Accounting and Control
·     Brokerage Fee calculation and reporting
·     Daily reporting of transactions, P&L, and Interest income on
collateral.

We TEB Securities Services isare the only custodian in Turkey providing
both execution and clearing packaged services within the one bank, thus
providing to our clients:
·     the benefits of working with an expert securities services provider
·     the support of the Bank's balance sheet support of the bank.

TurkDEX
TurkDEX is Turkey's first private exchange, founded in 2001, and in 2006 it
was the world's fastest growing market, with continued growth into 2007 and
2008:
·     The number of contracts traded increased from 6.6 million in 2006 to
24.9 million in 2007 an increase of 275%
·     The annual trading value rose from 17.4 billion in 2006 to 118
billion in 2007 an increase of 579%.
·     The monthly average open interest in 2007 increased by 107% in
comparison to 2006
*     source TurkDEx

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and
financial services and is one of the 4 strongest banks in the world
according to Standard & Poor's. The group is present in over 85 countries,
with more than 168,000 employees, including 129,500 in Europe. The group
holds key positions in three major segments: Corporate and Investment
Banking, Asset Management & Services and Retail Banking. Present throughout
Europe in all of its business lines, the bank's two domestic markets in
retail banking are France and Italy. BNP Paribas also has a significant
presence in the United States and strong positions in Asia and the emerging
markets.