- Rates
and Statistics
- Rules
- Participating
Banks
- Management and Arbitration Committee
|
Fixing
Rates |
|
09.05.2008 |
| O/N |
15,2875 / 16,1863 |
| 1W |
15,4000 / 16,3111 |
| 1M |
16,0000 / 16,9563 |
| 2M |
16,4375 / 17,3972 |
| 3M |
16,6863 / 17,6644 |
| 6M |
17,3125 / 18,3363 |
| 9M |
18,2000 / 19,2672 |
| 1Y |
18,8000 / 19,9162 |
|
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The BANKS
ASSOCIATION of TURKEY
Turkish Lira Reference Interest Rate (TRLIBOR)
The Banks Association of Turkey has carried out
a project for determination and fixing of Turkish Lira Reference
Interest Rate (TRLIBOR) since 2000. However, the project has then
been suspended due to the unfavourable economic and financial
developments. In 2002, the project of determination and fixing of
TRLIBOR has been resumed.
Rules on Determination of (TRLIBOR) have been
discussed in the meeting of the Board of Directors on 16 April
2002, and have been resolved :
 |
that the interest rate fixing be handled and
managed by the Banks Association of Turkey; and |
|
that the banks which are transferred to and
under control and management of the Saving Deposits Insurance Fund
be excluded from the system; and |
|
that only the banks : |
|
- of which total
assets is 1 billion USD according to the balance sheets issued as
of 31 December 2001, and |
|
- which agree to enter and process 1
trillion TL quotation in the procedure be allowed to participate
the system. |
In the meetings held for formation and
appointment of Management and Arbitration Committee and for
completion of the technical works, and attended by our members who
satisfy the aforementioned criteria and agree to participate the
system, it has been decided that the system be initiated and
commenced on 1st of August, 2002.
Before start of the system, the Participating
Banks have signed a protocol with the Banks Association of Turkey,
and the banks have exchanged declarations of limits solely for the
TRLIBOR transactions.
Banks, which will serve as associate and
alternate members in the Management and Arbitration Committee to
be formed for the purpose of issuing regulations and making
suggestions on the "Fixing System" of the Participating
Banks and of resolving the probable disputes among the
Participating Banks of the "Fixing System", as specified
in article 7 of the Rules on Determination and Fixing of TRLIBOR,
have been elected.
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