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SMALL SIZED BUSINESS ADMINISTRATIONS
FOREIGN EXCHANGE EXPORT CREDIT
Aiming to benefit larger masses from the sources of
Turkiye Is Bankasi an application named Small Sized
Business Administrations Export Foreign Exchange Credit
has started to finance the necessary operational capital
that needed for the export activities of the members
bound to the Turkish Exporters Council (TIM)which is
the top organization of the private sector of exports
in Turkey.The information realeted to these creditsa
that will be used in this frame is as below.
The credit will let be used as TL.against foreign exchange
by producers-exporters or exporting companies excluding
Foreign Trade Capital Companies and Sectoral Foreign
Trade Companies.
The final decision being belonging to Turkiye Is Bankasi
The credit limit will be determined by evaluating the
solvency and morality af the exporter and giving importance
that the export amount realized I the previous calendar
year is minimum USD 150.000with the condition the export
of the previous calendar year does not exceed 30%.
The credits that will be assigned in favor of the companies
will have 3,6,9 or 12 ,maximium 12 months term and with
interest payment once a month
The credits in question will be able to let be used
on monthly equal installment payment if they are maximum
12 month termed for companies that have export input
with a volume that will not cause problem.
The usage of credit will be realized only on convertible
foreign exchange types.
The interest rates that will be applied to the credit
will stay stable until the end of the due date for credits
with monthly equal installment payments and for each
maturity section
The interest rates that will be applied to the credit
are determined as of today
For credits with 3,6 and 9 month term ,4% annual for
usage of USA dollars ,5% annual usage of Euro ,for credits
with 12 months term with monthly equal installment payment
0.30%monthly for usage of USA Dollars ,0.375%for usage
of Euro
New usage will be changed according to the conditions
of the market
Ensuring the guarantee of the credits first a mortage
from the 1st grade has to be established in favor of
our bank which expertise value has to be 25%more than
the credit on the real estates that are at least as
worth as the credit value and on foreign exchange basis
and the rael estates that are subject to the mortage
will be insured .
For true persons the guaranteeing of at least one guarantor
who has a positive intelligence and for legal persons
the personal guaranteeing of at least 1 company shareholder
will be taken. Further if seen necessary additional
assurances like export certificates mortage of movable
securities etc.my be taken.
For detailed information
Tel( 0212) 454 02 00/fax (0212) 454 02 01
e-posta
: bilgi@tim.org.tr
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