Other services – Turkey
Securities lending and borrowing
Turkish securities are not eligible for CBL's securities lending and borrowing program.
Disclosure requirements
Please refer to the Disclosure Requirements - Turkey.
Holding restrictions
Except for fixed income securities issued by the Turkish governmental authorities or institutions through the Central Bank of the Republic of Turkey (Turkish Fixed Income Securities), to be eligible to hold Turkish securities through Clearstream Banking, clients are required to:
- Inform Clearstream Banking of the beneficial owner's Turkish Tax ID (or, in the case of a Turkish resident individual, the Turkish national ID number); or
- Request, via Clearstream Banking, a Turkish Tax ID.
For further information about how to comply with the above requirements, please refer to the Market Taxation Guide - Turkey.
Note: Under Omnibus account of Clearstream at local CSD (MKK) via its direct link Turkish residents or individual final beneficial owners are not allowed to hold fixed income securities issued by the Republic of Turkey Ministry of Treasury and Finance through the Central Bank of the Republic of Turkey such as:
- Government bonds;
- Treasury Bills;
- Liquidity Bills;
- Public lease certificates (SUKUKs);
- Gold bonds;
- Gold indexed public lease certificates.
Foreign exchange
Foreign exchange services for the Turkish Lira are available to clients on a case-by-case basis, upon request.
To complete foreign exchange conversions for the Turkish Lira, clients should contact CBL’s Treasury Desk directly via an authenticated communications medium.