Turkey: Credit facilities change in Turkish Lira (TRY)
Clearstream Banking1 informs customers that due to the current volatile conditions in Turkey effective
and until further notice, Clearstream Banking has suspended the customer overdraft credit lines and credit facilities which are no longer provided within Clearstream Banking’s books in this currency.
Impact on customers
Clearstream Banking strongly recommends customers to prefund their cash account in Turkish Lira (TRY) to facilitate securities settlement for all domestic, internal and Bridge transactions.
Credit and debit conditions for customers remain unchanged.
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.