Turkey: Debit interest rate change due to liquidity conditions in Turkish Lira
Clearstream Banking1 informs customers that due to liquidity conditions of the Turkish Lira (TRY) interbank market, the debit interest rates have drastically increased, today’s debit interest rate is over 250%.
Impact on customers
Clearstream Banking will reflect these changes in the debit interest rate charged to customers. and strongly advise customers to avoid debit cash positions in TRY until the liquidity conditions of the TRY interbank market normalise.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.