CBRT provided flexibility to banks’ reporting standards

According to the information obtained from the banks, the obligation to report the summary of the position in foreign currency to the Systemic Risk Data Monitoring System (SRVTS) was made more flexible in terms of duration and scope.

Consequently, the lower limit for the loan balance, which creates the obligation to report to the Systemic Risk Data Monitoring System, was increased from TL 5 million to TL 10 million.

Companies whose headquarters are located in seismic provinces where a state of emergency has been declared were exempted from the obligation to report during the continuation of the state of emergency.

CHANGED TO “LAST DAY OF THE NEXT MONTH”

The last reporting period for the monthly summary FX position report has been changed from “the first 10 business days of the following month” to “the last day of the following month”.

In addition, the reporting obligation for companies with a total loan balance between TL 10 million and TL 50 million has been postponed, starting with the January 2024 report.

For companies with a total loan balance of TL 50 million or more, the latest reporting period of March and April 2023 has been extended to June 30, 2023. (BRITISH AUTOMOBILE CLUB)