Nowadays, The Financial Requirements of Turkish Manufacturers are getting increased day by day due to the catching the new Technologies and innovations or reaching to the huge requirements of the clients within Turkey and Neighbours (Especially Middle Eastern Countries). Since the Collateral Management Agreements and Sorage Monitoring Agreements have been newly activated in Turkey, The Turkish Banks had formed the credit lines of the companies and manufacturers on the basis of heritable securities and mortgage liens. As The Turkish Banks have realised that the former collaterals such as mortgage cannot be workable anymore to cover the growing Credit Line needs of their customers, They have began to trend towards CMA and SMA Instruments which have already been used at the European Banks in accordance with The Bank For International Settlements Basel II Accords. CMA has been firstly used in Turkey in relation to a USD.97.000.000.- syndicated facility to a Turkish Steel Products Manufacturer by Barclays Bank PLC as Agent and Security Trustee. We, FA-BER DANISMANLIK GOZETIM VE DENETIM INSAAT SANAYI VE TICARET LIMITED SIRKETI, has been nominated as Collateral Manager of Barclays Bank PLC who was Agent and Security Trustee of a USD.97.000.000.- syndicated facility. We have the honour of being the first Collateral Manager of a first CMA Project in Turkey. After we have introduced CMA to The Turkish Banks, they have also started to credit their customers under CMA. You can obtain more information about CMA Execution, Collateral Manager Obligations and the obligations of the parties and etc at Our Services chapter on Access Page.
We would like to welcome you to Our Web Site with the belief of CMA and SMA will be the most common credit instruments within the Turkish Finance System in the shortest time due to;
- FA-BER will enter into between Creditor and Depositer as Collateral Manager by signing the related agreement and will act as custodian of commodities and moreover as the ear and the eye of the Banks with its 4 main principles: professionalism, transparency, honesty and ethic.
- The Depositer will meet the collateral requirments of the Creditors.
- The Banks will have the chance of pledging the steady and solid collaterals against their credits and feel themselves secure.
If you would like to obtain CMA or SMA agreements or whatever you would like to ask, kindly don’t hesitate to communicate directly with us which will be a pleasure for us to administer Yourselves.
Meanwhile, I remain.
Best Regards,
M.Fatin Bereketoglu / CEO
Fa-Ber Consultancy and Survey
