Evaluation of Cash Balances
In the Article 22 of the Intermediation Framework Agreement for Trading of Capital Market Instruments; the following principles are determined regarding the evaluation of the cash balances of clients. Depending upon the authorization given by the client in the contract, Tacirler Investment monitors the cash amounts in client accounts, which are not subject to any client orders within the day and which indicate credit balances at the end of the day, on the basis of each account in the accounting systems, in terms of the authorized activities, operating policies and the client's preferences, and may evaluate these cash balances collectively or on the basis of clients.
The deadline for determining the client cash balances to be evaluated is 15:15 (for half business days, this deadline is applied as 11:00). It should be taken into consideration that the cash amounts to be transferred to accounts from within or outside the Institution beyond these deadlines may not be subject to evaluations.
Repo Transaction
Unless the client places a written order to the contrary; if the end-of-day cash claim balance of the client account is minimum 10.000 TRY (Ten Thousand Turkish Lira), these cash balances can be evaluated by Tacirler Investment through repo. The relevant minimum amount can be changed with a prior notice to the client.
As a result of the evaluation of the Client's end-of-day claim balances through repo transaction, Tacirler Investment may determine a service fee of up to 45% of the gross interest revenue. This rate will vary according to the amount of the Client's claim balance at the end of the day as shown in the following table. 22 November 2023
| Tutar Aralığı (TL) | Hizmet Bedeli (%) |
| 10,000 - 50,000 | 45 |
| 50,001 - 100,000 | 42 |
| 100,001 - 500,000 | 39 |
| 500,001 -ve üstü | 37 |
Evaluation of Balances in Banks
If the end-of-day cash claim balance in the client account is minimum 200.000 TRY (Two Hundred Thousand Turkish Liras), the client's written order and the acceptance of Tacirler Investment is required for the evaluation of the balances in banks. Such client cash balances held at banks are monitored separately from Tacirler Investment's own cash assets in an individual account to be opened for the clients of Tacirler Investment. The relevant minimum amount can be changed with a prior notice to the client. If the client makes a request for the evaluation of the cash claim balances in banks for longer than one business day, the client's separate written order and the acceptance of Tacirler Investment is required. For these client requests, Tacirler Investment reserves its right to determine an amount above the minimum amount indicated in this article.
As a result of the evaluation of the client's end-of-day claim balances in banks, Tacirler Investment will collect a commission fee of up to maximum 30% upon deducting the withholding tax.