Istanbul – Türkiye Garanti Bankası A.Ş., a prominent Turkish bank, announced the redemption prices for a series of guarantees with a maturity date of December 31, 2024. The guarantees are linked to various underlying assets such as,, and, and currency pairs, settled at the maturity rates listed in a detailed table. Provided by the bank.
Redemption prices for buy orders on USD/TRY, EUR/USD and GBP/USD are set at 0.00, indicating no value at maturity. On the other hand, warrant orders on these currency pairs saw maturity prices ranging from 0.17 to 2.78, depending on the specific contract and the type of underlying asset. The multiplier for all orders is set at 1.
Payments related to these orders will be processed by Merkezi Kayıt Kuruluşu A.Ş. (MKK), Turkey's central securities depository, on Monday, January 6, 2025. This financial event is a standard procedure for the expiry and settlement of derivative instruments such as warrants, which give their holders the right but not the obligation to buy or sell an underlying asset at a specified price before a certain date.
Investors holding these collateral will now look to MKK to process payment after their financial instruments mature. The bank confirmed that if there are any differences between the Turkish and English versions of the public disclosure, the Turkish version shall prevail.
The information provided in this announcement is based on a press release issued by Garanti BBVA (BME:), ensuring that the facts stated are consistent with the principles contained in the Board of Directors Statement, Serial II No. 15.1. The bank also confirms that the information is consistent with its records and that it has made all necessary efforts to provide accurate and complete information regarding the matter.
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