How MNCs manage Corporate Treasury in Turkey

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Topics covered in this report include:

• Turkey’s recent economic conditions and inflation trends
• Currency depreciation and exchange rate developments
• Business and regulatory environment in Turkey
• Tax structure and compliance challenges
• Funding options and financing practices for companies
• Use and impact of the Resource Utilisation Support Fund (RUSF)
• Stamp duty and its implications for loans
• Inter-company loans and cash management strategies
• Hedging approaches and accounting under hyperinflation
• Treatment of interest and foreign exchange transactions
• Equity funding and capital management in subsidiaries
• Cash pooling arrangements and restrictions
• Role of international and local banks in Turkey
• Bureaucracy and documentation requirements
• Payment processing and local PSP requirements
• Overall outlook and long-term confidence in the Turkish market

Banks discussed in this report include: Bank Mendes Gans, JP Morgan, Garanti, TEB, Citi, and ING