| Non-Cash
Loans |
| Letters
of Guarantee |
|
Letters
of guarantee are guarantees issued against the
addressee party on Turkish Liras or foreign
currency, for domestic real persons and legal
entities in connection with matters such as the
realization of a business, the payment of a debt,
the delivery of a good and with a commitment for
unconditional payment of the value of letter in
the event of failure to carry out the matter
concerned. |
| Import
Loans |
|
They are the non-cash loans provided to our
clientele for financing their importation. |
| Letters
of Credit |
L/C?s are import loans that can be utilized as
Payable At Sight, Deferred Payment or Mixed
Payment. The L/C text which contains the agreed
import conditions between the buyer and the
seller is provided by our Bank generally along
with a confirmation and payment to be affected
in the event of realization of proper shipment
as per the l/c text. |
| Acceptance/Aval
Loans |
Acceptance loans are import loans which allow you
to pay your imports in deferred payments.
Generally utilized in cash against documents or
goods, the draft issued by the exporter is to be
accepted by your company and then avalized by
our Bank if deemed necessary and thus payment to
the exporter party is guaranteed. |
| Export
Loans |
|
In Export L/C Confirmation Loans, by adding the
confirmation of our Bank to the irrevocable
export letter of credit issued in favour of your
company, your
risks are undertaken against the presentation of
the conformed
documents in accordance with the text of the
letter of credit and the payment at maturity is
assured. |
| Letters
of Reference |
|
Letters
of Reference are
issued by our Bank to inform the counter
party that our client is favoured with a credit
limit and has financial strength for the project
it is bidding for. Letters of Reference can be
denominated in Turkish Liras or Foreign Currency. |
