Turkey: Credit facilities in Turkish Lira to be reinstated

08.04.2019

Further to Announcement A19044, Clearstream Banking1 informs customers that credit facilities in Turkish Lira (TRY) will be reinstated, effective

Tuesday 9 April 2019

Impact on customers

Clearstream Banking will restore credit facilities in TRY on 9 April 2019.

However, 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 5 April 2019 was over 31% 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.