Turkish Lira Overnight Reference Rate TLREF Will Be Calculated By Borsa Istanbul As Of June 17, 2019

Turkish Lira Overnight Reference Rate TLREF which is created in order to meet the need of Turkish Lira short-term reference rate that can be used as an underlying or a benchmark in financial products, debt instruments and different types of financial contracts, will be calculated and published as of June 17, 2019.

The data of TLREF rate and BIST TLREF Index, which is created in order to track the returns of TLREF rate that is calculated by using the overnight repo transactions, that are secured by TL denominated government debt securities and realized on Borsa Istanbul Repo-Reverse Repo Market, with the starting value date of the same day, can be reached from BISTECH Data Dissemination System and “Data / TLREF Data” page on Borsa İstanbul website as of June 17, 2019.

TLREF Rules are determined by the TLREF Committee which is made up of representatives of the Central Bank of the Republic of Turkey, Republic of Turkey Ministry of Treasury and Finance, The Banks Association of Turkey, Turkish Capital Markets Association and Borsa İstanbul.

Please click here for TLREF Rules.