SPK announces fund liquidation calendar, 830 billion TL payment process clarified
Key Points
- SPK announced the liquidation calendar and payment details for 130 funds of 7 companies
- The total size of the funds exceeds 830 billion TL
- Investors' receivables will be paid back through gradual payments
- Entry and exit transactions have been halted, the liquidation process has officially started
By the Numbers
The Capital Markets Board (SPK) shared new details regarding the liquidation process of 130 funds belonging to 7 companies and the payment schedule to investors following the fund crisis in financial markets. Entry and exit transactions were halted in funds exceeding a total size of 830 billion TL, and a liquidation decision was taken.
According to the SPK's statement, liquidation transactions will be carried out in specific stages, and investors' receivables will be paid gradually. The Board also determined the procedures and principles to be followed to ensure transparency and protect investor rights during the process.
The economic management held back-to-back meetings yesterday morning in an effort to manage the crisis. This statement by the SPK aims to reduce uncertainty regarding when and how the locked funds will be paid.
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Frequently Asked Questions
- How many funds and which companies will be liquidated?
- A total of 130 funds belonging to 7 companies will be liquidated.
- When will investors be paid their money?
- The SPK stated that it will make gradual payments by dividing the liquidation process into stages; exact dates will be announced according to the calendar.
- What is the total value of the funds?
- The total size of the funds to be liquidated exceeds 830 billion TL.
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