TRL Spot Loans

They are TL based cash loans for that of which maturity and interest rate are determined at the withdrawal date and principal and interest are collected at maturity. The tenor and interest rate for these loans are determined according to the market conditions.

TRL Rotating Loans

They are the loans for that of which interest rate fluctuates in line with market conditions, and interest collection is realized (periodically) quarterly. This type of loans can be repaid earlier than the maturity and provide cash availability to firms.

TRL Discount - Purchase Loans

They are the loans that are disbursed against immature promissory notes with an advance collection of the interest and costs.

Foreign Currency Indexed Loans

These loans without export commitments are extended as Turkish Liras and the principal utilization, repayment and interest thereof are set as foreign currency indexed.

Equal Installment Loans

They are the loans for that of which interest rate and maturity are determined at the withdrawal date, and principal, interest and other for that of which costs are repaid in monthly equal instalments. Payment scheme is specified at the disbursement and equal payments provide cash management advantage.

Foreign Currency Loans

They are the loans for that of which principal and interest, in line with the export and foreign exchange generating activities, are set in foreign currency and extended in either Turkish Liras or foreign currency. These loans are exempted from taxes, duties, levies, fees and funds.

Foreign Currency Loans

They are the loans extended as spot or rotative terms in Turkish Liras for export financing, with an export commitment. As per other foreign currency credits, they are also exempted from taxes, duties, levies, fees and funds.

Foreign Currency Loans

(Click on the Foreign Credit link for more information.)

Future Foreign Exchange Transactions (Forward Transactions)

Forward transactions are future foreign exchange transactions realized mainly to eliminate interest rate/parity risk. The amount, exchange rate and maturity of the transaction to be carried out in the future are set today. Forward transactions can be carried out as both buying/selling foreign currency against Turkish Liras or between two different currencies.

When the forward price is being set, the interest rate differences between the foreign currencies in the forward transaction are added to the transacted prices in the spot market.

Cash exchange in the forward transactions is realized at maturity. It is not possible to renounce the transaction prior to or at maturity.

Arbitrage

They are the parity transactions carried out in the international spot foreign exchange markets for arbitrage purposes.

Other Derivative Products

Futures contracts, options and swap transactions are also available for risk management purposes.

These are the loans funded by Turkish Eximbank through intermediary commercial banks, both in Turkish Lira and foreign currency with a maximum tenor of 540 days.

• Pre-Shipment TRL Export Loans
• Pre-Shipment TRL SME Loans
• Pre-Shipment TRL Village Loans
• Pre-Shipment Foreign Currency Export Loans
• Pre-Shipment Rediscount Loans
• Performance Related Letter of Guarantee Loans

Working Capital Loans

They are the loans funded by foreign financial institutions for the operational requirements of the companies with a maturity generally longer than one year. These loans are intermediated by a local bank and extended in Turkish Liras at once. If the weighted average maturity of the loans exceeds one year, they are exempted from tax.

ECA

These loans are provided by foreign export credit agencies (ECA) where the importer's country risk is insured, offer long-term buying opportunities to importers. If you import investment type of goods, you can benefit from the medium and long-term loan programs of the ECA of the relevant countries and with guarantee of our Bank.

These loans are provided by foreign export credit agencies (ECA) where the importer's country risk is insured, offer long-term buying opportunities to importers. If you import investment type of goods, you can benefit from the medium and long-term loan programs of the ECA of the relevant countries and with guarantee of our Bank.

Such credits and their countries are mainly as follows: Germany (Hermes), Italy (Sace), Austria (OekB), USA (US Exim), Canada (EDC), Belgium (OND) etc.

In addition to afore said, CCC of the US Ministry of Agriculture has an insurance program, called GSM 102 & 103 and others for financing of agricultural products.

Pre-Export Financing Loans

They are the loans provided by our Bank and/or international financial institutions in line with export and foreign currency generating activities, and extended by the guarantee of our Bank. The export preparation process of our clientele can be financed by this 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.

For further information on the services provided by Tekstil Factoring Hizmetleri A.Ş., the factoring company of our Group, please visit the web site at www.tekstilfactoring.com.tr

For further information on the services provided by Tekstil Finansal Kiralama A.Ş., the leasing company of our Group, please visit the web site at www.tekstilleasing.com.