Turkey: Debit interest rate change due to liquidity conditions in Turkish Lira


Clearstream Banking1informs customers that due to the volatility in liquidity conditions of the Turkish Lira (TRY) interbank market, the debit interest rates drastically increased. Effective


and until further notice, Clearstream Banking will apply the rate applicable to overdrafts based on the market announcement which is high and constantly fluctuating.

Impact on customers

Clearstream Banking will reflect these changes in the debit interest rate charged to customers. We strongly encourage customers to strictly avoid debit cash positions in Clearstream and look regularly at the very unstable market conditions.

Additionally, we recommend customers to prefund their cash account in Turkish Lira (TRY) to facilitate securities settlement for all domestic, internal and Bridge transactions.

Further information

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.