A client asked whether to withdraw deposits after news about TMSF. In the case described, the client had an operating company in Turkey, deposits at a large bank and a factoring contract: part of the receivables had been assigned to a factoring company.
BDDK’s announcement of 30 September 2026 assigns TMSF specified shareholder rights over identified bank shares, excluding dividend rights. It requires the specified factoring-company shares to be transferred to qualifying buyers within six months; TMSF exercises their voting rights during that period.
What was checked in this case
In the case described, the deposits were left in place. The factoring contract was reviewed: which receivables had already been assigned, when payments were expected and what it provided for a change of control. The counterparty was contacted to clarify who was signing documents. New receivables were temporarily directed through the large bank’s factoring services.
BDDK’s decision specifies particular shareholder rights and shares. It does not assess the terms or risk of our client’s particular deposit.
For this type of contract review, we check the counterparty’s exact name, the shares specified in the regulator’s decision, assigned receivables and performance terms.