Project-Preferred Special Fund Pool

Accounts can be opened with a 3-month maturity period.

During the process of opening a Project-Preferred Special Fund Pool Participation Account, the account will be opened in the maturity period selected by our customers, provided that funding is available for that maturity period. During this period, funds deposited by savers will be held in the Project-Preferred Current Account. This period is limited to a maximum of one month.

Savers will be given the opportunity to choose the sector for which they wish their deposited savings to be used as a source of funding.

Customers wishing to open an account under the Project-Preferred Special Fund Pool may, alongside their maturity selection, choose the sector for which they wish the deposited balance to be used for funding. The transaction will be assessed provided a suitable project is found in line with the sector preference; however, should no funding request from the specified sector reach our bank, funding may be allocated to a different sector.

In order to assess applications and secure participation from other contributors, the deposited amounts may be held in the Project-Preferred Special Current Account (for a period not exceeding one month). No payments will be made to our customers during this period. For customers wishing to open an account under this scheme, an additional current account relating to the Project-Preferred Special Fund Pool will be set up. The balance in the designated additional current account number will be transferred to the Special Fund Pool Participation Account once a relevant project is identified, thereby matching it with the preferred project.

• A ‘Project-Preferred Special Current Account’ must be opened with our bank.
• As part of the process for opening a Project-Preferred Special Current Account, our customers must sign the Special Fund Pool Participation Account Agreement and the Special Fund Pool Participation Account Transaction Instructions.
• In the instructions to be signed, the term of the account to be opened and the sector details for which financing is requested must be specified.
• At this stage, a balance must be deposited into the account to be opened. Accounts with a minimum balance of 10,000 TL are matched with a project.
• Once our client has deposited their savings into the Project-Preferred Special Current Account, transactions will be carried out in accordance with the instructions received from the client when a relevant project is identified. This process will be completed within a maximum of one month.
• At the end of the term, the profit or loss generated from the project will be calculated and reflected in the accounts. If a profit is made from the project, a profit payment will be made to the account holders.
• If no profit is made from the project, if project instalments remain unpaid, or if a loss is incurred, not only will no profit payment be made, but our customer may also suffer a loss of their principal.
• Balances in Project-Preferred Special Current Accounts remain at the customers’ disposal until the project is matched; once the project has been matched, no deposits or withdrawals may be made to or from the accounts, and the accounts cannot be closed under any circumstances.

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