Post by amina147 on Mar 9, 2024 3:47:23 GMT -5
The the relevant legislation will not be able to borrow in TL if they have cash foreign currency assets exceeding the determined limit million TL even if they have a foreign currency net position deficit. COMPANIES WITH CASH FOREIGN CURRENCY ASSETS NOT EXCEEDING MILLION TL There is no obstacle to companies whose FX cash assets do not exceed million TL in TL from borrowing in TL. as of the loan application date the current foreign currency cash assets the total assets according to the most uptodate financial statements and the last years net sales revenue must be determined by independent auditing institutions and the TL equivalent of the foreign currency cash assets will not exceed million TL throughout the maturity of the loan to be used.
Declaration and commitment will be required. However in order to ensure that the bank controls that the TL equivalent of their foreign currency assets does not exceed million TL the foreign currency cash Austria Phone Numbers List assets of these companies their total assets and the last months net as of the end of the previous month according to the previous monthend balance sheet within the first business days of each month. They will need to transmit the current value of the sales proceeds to the bank. OTHER TOPICS The ban on granting loans is a practice introduced for companies subject to independent audit in accordance with the Legal Decree No. and related regulations.
Accordingly there is no new restriction within the scope of this Decision on the use of credit by companies that are not obliged to have an independent audit. In the evaluations to be made in terms of TLdenominated loan usage cash and foreign currency assets are The sum of effective foreign currency including gold and the TL equivalent of balances in foreign currency deposit accounts at banks.
Declaration and commitment will be required. However in order to ensure that the bank controls that the TL equivalent of their foreign currency assets does not exceed million TL the foreign currency cash Austria Phone Numbers List assets of these companies their total assets and the last months net as of the end of the previous month according to the previous monthend balance sheet within the first business days of each month. They will need to transmit the current value of the sales proceeds to the bank. OTHER TOPICS The ban on granting loans is a practice introduced for companies subject to independent audit in accordance with the Legal Decree No. and related regulations.
Accordingly there is no new restriction within the scope of this Decision on the use of credit by companies that are not obliged to have an independent audit. In the evaluations to be made in terms of TLdenominated loan usage cash and foreign currency assets are The sum of effective foreign currency including gold and the TL equivalent of balances in foreign currency deposit accounts at banks.