TITLE

Are Turkish Banks Starting a Trend?

AUTHOR(S)
Ossa, Felipe
PUB. DATE
October 2010
SOURCE
Investment Dealers' Digest;10/8/2010, Vol. 76 Issue 37, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implication of the removal of Turkish banks to insurance wrap accounts. According to international banking head of VakifBank Selcuk Gozuak, that the issuers and investors will benefit if the wrap will be removed. It mentions that diversified payment rights (DPRs) transactions is being considered to be prepayable. It states that one U.S. bank official says that they are analyzing to unwrap U.S. transactions.
ACCESSION #
55249511

 

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