Fast payment formula for small investors in fund liquidations
The economic management is preparing a liquidation plan that envisages prioritizing investors with balances below 1 million liras in order to resolve the grievances of fund victims.
The economic bureaucracy, meeting under the chairmanship of President Recep Tayyip Erdoğan, plans to make rapid payments to individuals with investments below 1 million TL in fund liquidation processes.
Meeting of the Economic Bureaucracy
Gathering under the chairmanship of President Recep Tayyip Erdoğan, the economic bureaucracy put new solution options on the table to solve the problems of fund victims.
Priority Plan in Payments
Within the scope of the ongoing studies, it is planned to make rapid payments to investors with less than 1 million TL, and it is being evaluated that investors in money market funds should be given priority.
Financing and Collateral Sources
During the stage of paying small amounts, it is envisaged to actively use the collaterals within Takasbank and the resources invested by the funds in government domestic debt securities.
Status of Portfolio Companies
Bulls Portföy, Pardus Portföy, and A1 Capital Portföy announced that they could pay the investors' money, and in this context, the possibility of removing these funds from the liquidation list came to the agenda.
CMB Decisions and TEFAS Process
In line with the Capital Markets Board's decision dated September 17, trading transactions in the funds of A1 Capital Portföy and Pardus Portföy traded on TEFAS had been suspended.
Upcoming Meeting and Final Decision
It was stated that another meeting will be held on Tuesday to clarify the studies on the subject and that the decisions to be taken regarding the liquidation process will be finalized at this meeting.