Free Trial
US TSYS

Market Roundup: Sharp Rate Hike Re-Pricing

FED

Bowman The Top 2022 Dot?

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Turkey Incentivizes Banks to Increase Lira-Based Collateral: AA

TURKEY
  • Turkish central bank revises its collateral decree to encourage banks to increase lira-based collaterals for transactions, state-run Anadolu Agency reports, citing banking sources it does not name.
    • Collateral basket is expanded to include lira-denominated TLRef-linked bonds, zero-coupon bonds, fixed-coupon bonds, FRN and sukuk
    • Central bank also increases discount rate to 15% from 5% for non-lira denominated collaterals
56 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Turkish central bank revises its collateral decree to encourage banks to increase lira-based collaterals for transactions, state-run Anadolu Agency reports, citing banking sources it does not name.
    • Collateral basket is expanded to include lira-denominated TLRef-linked bonds, zero-coupon bonds, fixed-coupon bonds, FRN and sukuk
    • Central bank also increases discount rate to 15% from 5% for non-lira denominated collaterals