Turkey: Credit facilities stopped due to liquidity conditions in Turkish Lira (TRY)

27.03.2019

Clearstream Banking1 informs customers that due to liquidity stress on the Turkish Lira (TRY), effective

immediately

credit facilities will no longer be provided within Clearstream Banking’s books.

Impact on customers

In the event of end of day short positions in TRY held in our books, we may apply the value of the overdraft that is charged to Clearstream Banking by the sub-custodian.

As an indication, the interest charge on the end of day overdraft on the 27 March 2019 is over 810% flat. This value fluctuates on a daily basis.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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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.