TCMB - Press Release on Abolishment of the Summary FX Position Reporting and Change in the Scope of the Systemic Risk Data Monitoring System (2023-43)
Central bank: tcmb | Type: decision | Date: 2023-11-08

Press Release on Abolishment of the Summary FX Position Reporting and Change in the Scope of the Systemic Risk Data Monitoring System (2023-43)
No: 2023-43
8 November 2023
Press Release on Abolishment of the Summary FX Position Reporting and Change in the Scope of the Systemic Risk Data Monitoring System
In the scope of this regulation, the practice of receiving Summary FX Position Reporting from firms with a total cash and non-cash loan balance of TRY 10 million or above, which was introduced in March 2023, has been abolished.
In addition, the scope of firms for the FX position reporting under the Systemic Risk Data Monitoring System implemented since 2018 has been revised to increase the level of representation of firms in the national economy. Accordingly, the scope of firms subject to the reporting requirement, which used to cover firms with an FX loan liability of USD 15 million or above, was changed to include firms with a total cash loan balance of TRY 100 million or above on the last business day of the relevant monthly accounting period, or firms with a net sales revenue or asset size of TRY 500 million or above in the last one-year accounting period.
With the change made in the scope, it is planned to simplify the existing detailed reporting format and facilitate firms’ reporting processes.
Press Release on Abolishment of the Summary FX Position Reporting and Change in the Scope of the Systemic Risk Data Monitoring System (2023-43)