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About UsInvestor RelationsEmlak Katılım MobileBranches & ATMsProduct & Service Fees

ELÜS-Backed Financing Support

An Electronic Warehouse Receipt (ELÜS) is an electronic document issued to represent products held in licensed warehouses. ELÜS refers to the electronic record created by the Licensed Warehouse Enterprise on a database and/or platform established and operated by the Electronic Registration Organization in compliance with Electronic Registration Rules.

Unless otherwise specified in the legislation, the Electronic Warehouse Receipt issued to the Central Registry System represents the product in the exact same quantity, type, class, and quality. Products represented by ELÜS are under the security of the Licensed Warehousing system (regulated and supervised by the Ministry of Trade).

What are the Features of ELÜS-Backed Financing Support?

  • Before utilizing financing, an investment account must be opened with our Bank, and the MKK (Central Registry Agency) registration number associated with this account must be submitted to the nearest commodity exchange and the licensed warehouse where the agricultural product will be delivered.
  • Financing support is provided to our producer or merchant customers who own Electronic Warehouse Receipts (ELÜS) by taking their ELÜS held in their investment accounts as collateral.
  • Financing is provided up to a maximum of 70% of the current exchange value of the ELÜS documents.

What are the Advantages of ELÜS-Backed Financing Support?

  • The BSMV (Banking and Insurance Transactions Tax) rate, which is currently collected at 5%, is applied as 1% for ELÜS-backed financing disbursements.
  • ELÜS-backed working capital financing is exempt from KKDF (Resource Utilization Support Fund).
  • With ELÜS-Backed Working Capital Financing, flexible payment support is provided with a grace period of up to 3 months and a maturity option of up to 12 months.

For details and applications, visit your nearest branch or call our Customer Contact Center.