Authorization of the Head Office regarding the contemplated future flow transactions under DPR program and treasury financing Notes Program
Authorization of the Head Office regarding the contemplated future flow transactions under DPR program and treasury financing Notes Program
In order for T. Garanti Bankası A.Ş. (the “Bank”) to be granted a funding up to an amount of USD 750 million for a term of up to fifteen years; the Board of Directors of the Bank has resolved that; (a) the future flow transaction under “diversified payment rights” program established previously with the past sale of the receivables of the Bank due from relevant sending banks and other persons arising from customer money transfer operations, and (b) the treasury financing transaction consisting of a total return swap transaction, be performed and the Head Office be authorized to sign and execute any and all agreements, letters, demands, notices, instructions, reports, statements and any other documents in relation thereto.