{"status":true,"post":{"id":33868,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-24 21:29:19","created_at":"2022-06-30T21:00:00.000000Z","updated_at":"2022-10-24T18:29:19.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":33868,"is_featured":0,"title":"BDDK, neden \u015firketlerin yabanc\u0131 para pozisyonu ile ilgili karar alma gere\u011fi duydu?","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p style=\"text-align: right;\"><span class=\"large\"><strong>H\u0130KMET BAYDAR<\/strong><\/span><br><span class=\"large\"> <strong><\/strong><\/span><\/p>  <p><span class=\"large\">Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurumu (BDDK), 24 Haziran\u2019da yabanc\u0131 para nakit pozisyonu ta\u015f\u0131yan baz\u0131 \u015firketlerin TL kredi kullan\u0131mlar\u0131yla ilgili bir dizi kararlar ald\u0131. Bu kararla; sadece ba\u011f\u0131ms\u0131z denetime tabi, yabanc\u0131 paras\u0131n\u0131n (alt\u0131n dahil efektif d\u00f6viz ile bankalarda yabanc\u0131 para mevduat ve yabanc\u0131 menkul k\u0131ymet) TL kar\u015f\u0131l\u0131\u011f\u0131 15 milyon TL\u2019yi ge\u00e7en ve yabanc\u0131 para nakdi varl\u0131klar\u0131n\u0131n TL kar\u015f\u0131l\u0131\u011f\u0131n\u0131n, aktif toplam\u0131ndan veya son 1 y\u0131ll\u0131k net sat\u0131\u015f has\u0131lat\u0131ndan b\u00fcy\u00fck olan\u0131n\u0131n y\u00fczde 10\u2019unu a\u015fan \u015firketlere TL kredi kullan\u0131m\u0131 s\u0131n\u0131rland\u0131r\u0131ld\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu konu ile ilgili olarak, sanki sermaye kontrol\u00fc olarak yap\u0131lm\u0131\u015f gibi alg\u0131 y\u00f6netimi olu\u015fturulmaya \u00e7al\u0131\u015f\u0131l\u0131yor. Oysa ortada bir kontrol bulunmuyor. Sadece d\u00f6viz ve yurt d\u0131\u015f\u0131 tahvil al\u0131m\u0131 i\u00e7in ucuz TL kaynak kullan\u0131m\u0131 istenmiyor. Bu nedenle BDDK, 26 Haziran\u2019da a\u00e7\u0131klama yapma gere\u011fi duydu. A\u00e7\u0131klamas\u0131nda, \u201c\u00dcretime, istihdama ve yat\u0131r\u0131ma gitmesi gereken uygun ko\u015fullu TL ticari kaynaklar, ger\u00e7ek bir ihtiya\u00e7 olmad\u0131\u011f\u0131 halde baz\u0131 \u015firketlerce d\u00f6viz al\u0131m\u0131 amac\u0131yla kullan\u0131lmaya devam edilmektedir\u201d denildi. Bu nedenle kredilerin amac\u0131na uygun kullan\u0131lmas\u0131n\u0131 sa\u011flamak amac\u0131yla s\u00f6z konusu d\u00fczenlemeyi yapmak durumunda kald\u0131\u011f\u0131n\u0131 ifade etti.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>SERMAYE KONTROL\u00dc DE\u011e\u0130L<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> S\u00f6z konusu d\u00fczenleme, uygun ko\u015fullara sahip TL kredinin kulland\u0131r\u0131m \u015fart\u0131d\u0131r. Bir sermaye kontrol\u00fc de\u011fildir. Sermaye kontrol\u00fc s\u00f6z\u00fc, ilk kez bir S&amp;P analisti taraf\u0131ndan webinarda dile getirildi, di\u011ferleri de maksatl\u0131 olarak konuyu taze tutmak amac\u0131yla yap\u0131lan d\u00fczenlemelere bu ifadeyi yap\u0131\u015ft\u0131rmaya \u00e7al\u0131\u015ft\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Burada ama\u00e7, sermaye kontrol\u00fc yap\u0131l\u0131yor imaj\u0131 verilerek \u00fclkemize yabanc\u0131 sermaye giri\u015fini engellemektir. Bu sayede \u00fcrken yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n \u00fclkemize giri\u015fi engellenmeye \u00e7al\u0131\u015f\u0131l\u0131yor.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> BDDK, yapt\u0131\u011f\u0131 a\u00e7\u0131klamada yabanc\u0131 para konusunu da detayl\u0131 bir \u015fekilde a\u00e7\u0131kl\u0131\u011fa kavu\u015fturdu. Yurt i\u00e7i yerle\u015fiklerin yabanc\u0131 para cinsinden ihra\u00e7 etti\u011fi menkul k\u0131ymet ve eurobond gibi bor\u00e7lanma ara\u00e7lar\u0131 yabanc\u0131 para tan\u0131m\u0131 i\u00e7erisine al\u0131nmad\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Kald\u0131 ki, 3 ayl\u0131k yabanc\u0131 para pozisyon a\u00e7\u0131\u011f\u0131 olan firmalar\u0131n belgeleme kayd\u0131yla 3 ayl\u0131k pozisyon a\u00e7\u0131\u011f\u0131n\u0131 kapatabilmek i\u00e7in TL kredi kullan\u0131labilece\u011fi vade belirtilmeden kararda belirtildi. Ancak bankalar bu tarz firmalara en fazla 3 ayl\u0131k kredi teklif etmeye ba\u015flad\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu nedenle de BDDK, s\u00f6z konusu kredide vade s\u0131n\u0131rlamas\u0131 olmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klama gere\u011fini duydu. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6zetle; ger\u00e7ek \u015fah\u0131slar, ba\u011f\u0131ms\u0131z denetime tabi olmayan ve yabanc\u0131 para varl\u0131\u011f\u0131 15 milyon TL\u2019yi a\u015fmayan firmalar s\u00f6z konusu d\u00fczenleme kapsam\u0131nda de\u011fildir. Yerli kurumlar\u0131n d\u00f6viz cinsi menkul k\u0131ymetleri de d\u00fczenlemeye g\u00f6re hesaba dahil de\u011fildir.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>UCUZ KAYNAKLA D\u00d6V\u0130Z ALIMINA ENGEL <\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Reel sekt\u00f6rde g\u00f6r\u00fclen k\u0131sa vade 56 milyar dolar pozisyon fazlal\u0131\u011f\u0131n\u0131n (ihtiyac\u0131n \u00fczerindeki k\u0131s\u0131m) \u00fcretim, istihdam amac\u0131yla verilen ucuz TL kaynaklarla art\u0131r\u0131lmas\u0131ndan ho\u015flan\u0131lmad\u0131\u011f\u0131 ve takip edildi\u011fi en a\u00e7\u0131k \u015fekilde belirtildi.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6n\u00fcm\u00fczdeki d\u00f6nemde, \u015firketler s\u00f6z konusu pozisyonlar\u0131n\u0131 g\u00f6zden ge\u00e7irerek belirlenen limitlere inmek i\u00e7in d\u00f6viz veya benzeri yabanc\u0131 menkul \u00e7\u0131k\u0131\u015f\u0131 yapacaklar. Bu durum bir miktar d\u00f6viz arz\u0131 olu\u015fturacak. Ancak \u015firketler b\u00f6yle bir davran\u0131\u015fta bulunmak zorunda de\u011fildir. TL cinsi ucuz kaynak kullanmayacak olanlar\u0131n herhangi bir de\u011fi\u015fiklik yapmalar\u0131 s\u00f6z konusu de\u011fildir. Burada \u015firketlerin ucuz kaynakla d\u00f6viz ve yabanc\u0131 menkul al\u0131m\u0131n\u0131n \u00f6n\u00fc k\u0131smen kapat\u0131ld\u0131.<\/span><\/p>  \t\t\t\t","slug":"bddk-neden-sirketlerin-yabanci-para-pozisyonu-ile-ilgili-karar-alma-geregi-duydu","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"BDDK, neden \u015firketlerin yabanc\u0131 para pozisyonu ile ilgili karar alma gere\u011fi duydu?","meta_description":"H\u0130KMET BAYDAR","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1253,"cropped_1200x675":null,"user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":33967,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":33868,"locale":"tr","category_id":73,"title":"BDDK, neden \u015firketlerin yabanc\u0131 para pozisyonu ile ilgili karar alma gere\u011fi duydu?","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p style=\"text-align: right;\"><span class=\"large\"><strong>H\u0130KMET BAYDAR<\/strong><\/span><br><span class=\"large\"> <strong><\/strong><\/span><\/p>  <p><span class=\"large\">Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurumu (BDDK), 24 Haziran\u2019da yabanc\u0131 para nakit pozisyonu ta\u015f\u0131yan baz\u0131 \u015firketlerin TL kredi kullan\u0131mlar\u0131yla ilgili bir dizi kararlar ald\u0131. Bu kararla; sadece ba\u011f\u0131ms\u0131z denetime tabi, yabanc\u0131 paras\u0131n\u0131n (alt\u0131n dahil efektif d\u00f6viz ile bankalarda yabanc\u0131 para mevduat ve yabanc\u0131 menkul k\u0131ymet) TL kar\u015f\u0131l\u0131\u011f\u0131 15 milyon TL\u2019yi ge\u00e7en ve yabanc\u0131 para nakdi varl\u0131klar\u0131n\u0131n TL kar\u015f\u0131l\u0131\u011f\u0131n\u0131n, aktif toplam\u0131ndan veya son 1 y\u0131ll\u0131k net sat\u0131\u015f has\u0131lat\u0131ndan b\u00fcy\u00fck olan\u0131n\u0131n y\u00fczde 10\u2019unu a\u015fan \u015firketlere TL kredi kullan\u0131m\u0131 s\u0131n\u0131rland\u0131r\u0131ld\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu konu ile ilgili olarak, sanki sermaye kontrol\u00fc olarak yap\u0131lm\u0131\u015f gibi alg\u0131 y\u00f6netimi olu\u015fturulmaya \u00e7al\u0131\u015f\u0131l\u0131yor. Oysa ortada bir kontrol bulunmuyor. Sadece d\u00f6viz ve yurt d\u0131\u015f\u0131 tahvil al\u0131m\u0131 i\u00e7in ucuz TL kaynak kullan\u0131m\u0131 istenmiyor. Bu nedenle BDDK, 26 Haziran\u2019da a\u00e7\u0131klama yapma gere\u011fi duydu. A\u00e7\u0131klamas\u0131nda, \u201c\u00dcretime, istihdama ve yat\u0131r\u0131ma gitmesi gereken uygun ko\u015fullu TL ticari kaynaklar, ger\u00e7ek bir ihtiya\u00e7 olmad\u0131\u011f\u0131 halde baz\u0131 \u015firketlerce d\u00f6viz al\u0131m\u0131 amac\u0131yla kullan\u0131lmaya devam edilmektedir\u201d denildi. Bu nedenle kredilerin amac\u0131na uygun kullan\u0131lmas\u0131n\u0131 sa\u011flamak amac\u0131yla s\u00f6z konusu d\u00fczenlemeyi yapmak durumunda kald\u0131\u011f\u0131n\u0131 ifade etti.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>SERMAYE KONTROL\u00dc DE\u011e\u0130L<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> S\u00f6z konusu d\u00fczenleme, uygun ko\u015fullara sahip TL kredinin kulland\u0131r\u0131m \u015fart\u0131d\u0131r. Bir sermaye kontrol\u00fc de\u011fildir. Sermaye kontrol\u00fc s\u00f6z\u00fc, ilk kez bir S&amp;P analisti taraf\u0131ndan webinarda dile getirildi, di\u011ferleri de maksatl\u0131 olarak konuyu taze tutmak amac\u0131yla yap\u0131lan d\u00fczenlemelere bu ifadeyi yap\u0131\u015ft\u0131rmaya \u00e7al\u0131\u015ft\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Burada ama\u00e7, sermaye kontrol\u00fc yap\u0131l\u0131yor imaj\u0131 verilerek \u00fclkemize yabanc\u0131 sermaye giri\u015fini engellemektir. Bu sayede \u00fcrken yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n \u00fclkemize giri\u015fi engellenmeye \u00e7al\u0131\u015f\u0131l\u0131yor.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> BDDK, yapt\u0131\u011f\u0131 a\u00e7\u0131klamada yabanc\u0131 para konusunu da detayl\u0131 bir \u015fekilde a\u00e7\u0131kl\u0131\u011fa kavu\u015fturdu. Yurt i\u00e7i yerle\u015fiklerin yabanc\u0131 para cinsinden ihra\u00e7 etti\u011fi menkul k\u0131ymet ve eurobond gibi bor\u00e7lanma ara\u00e7lar\u0131 yabanc\u0131 para tan\u0131m\u0131 i\u00e7erisine al\u0131nmad\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Kald\u0131 ki, 3 ayl\u0131k yabanc\u0131 para pozisyon a\u00e7\u0131\u011f\u0131 olan firmalar\u0131n belgeleme kayd\u0131yla 3 ayl\u0131k pozisyon a\u00e7\u0131\u011f\u0131n\u0131 kapatabilmek i\u00e7in TL kredi kullan\u0131labilece\u011fi vade belirtilmeden kararda belirtildi. Ancak bankalar bu tarz firmalara en fazla 3 ayl\u0131k kredi teklif etmeye ba\u015flad\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu nedenle de BDDK, s\u00f6z konusu kredide vade s\u0131n\u0131rlamas\u0131 olmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klama gere\u011fini duydu. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6zetle; ger\u00e7ek \u015fah\u0131slar, ba\u011f\u0131ms\u0131z denetime tabi olmayan ve yabanc\u0131 para varl\u0131\u011f\u0131 15 milyon TL\u2019yi a\u015fmayan firmalar s\u00f6z konusu d\u00fczenleme kapsam\u0131nda de\u011fildir. Yerli kurumlar\u0131n d\u00f6viz cinsi menkul k\u0131ymetleri de d\u00fczenlemeye g\u00f6re hesaba dahil de\u011fildir.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>UCUZ KAYNAKLA D\u00d6V\u0130Z ALIMINA ENGEL <\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Reel sekt\u00f6rde g\u00f6r\u00fclen k\u0131sa vade 56 milyar dolar pozisyon fazlal\u0131\u011f\u0131n\u0131n (ihtiyac\u0131n \u00fczerindeki k\u0131s\u0131m) \u00fcretim, istihdam amac\u0131yla verilen ucuz TL kaynaklarla art\u0131r\u0131lmas\u0131ndan ho\u015flan\u0131lmad\u0131\u011f\u0131 ve takip edildi\u011fi en a\u00e7\u0131k \u015fekilde belirtildi.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6n\u00fcm\u00fczdeki d\u00f6nemde, \u015firketler s\u00f6z konusu pozisyonlar\u0131n\u0131 g\u00f6zden ge\u00e7irerek belirlenen limitlere inmek i\u00e7in d\u00f6viz veya benzeri yabanc\u0131 menkul \u00e7\u0131k\u0131\u015f\u0131 yapacaklar. Bu durum bir miktar d\u00f6viz arz\u0131 olu\u015fturacak. Ancak \u015firketler b\u00f6yle bir davran\u0131\u015fta bulunmak zorunda de\u011fildir. TL cinsi ucuz kaynak kullanmayacak olanlar\u0131n herhangi bir de\u011fi\u015fiklik yapmalar\u0131 s\u00f6z konusu de\u011fildir. Burada \u015firketlerin ucuz kaynakla d\u00f6viz ve yabanc\u0131 menkul al\u0131m\u0131n\u0131n \u00f6n\u00fc k\u0131smen kapat\u0131ld\u0131.<\/span><\/p>  \t\t\t\t","slug":"bddk-neden-sirketlerin-yabanci-para-pozisyonu-ile-ilgili-karar-alma-geregi-duydu","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"BDDK, neden \u015firketlerin yabanc\u0131 para pozisyonu ile ilgili karar alma gere\u011fi duydu?","meta_description":"H\u0130KMET BAYDAR","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":1253,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}