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Gold Products&Services
KUVEYT TURK PARTICIPATION BANK Amwaj Islands, BAHRAIN / 04 December, 2017
and Need for
Standardization of Wholesale Market
Selman BAYOĞLU Treasury Marketing Manager
Seminar at
• GOLD ACCOUNTS
• GOLD’EN CHEQUE
• PRICING (5/24)
• ELECTRONIC GOLD TRANSFER
• SENDING GOLD VIA SMART APPLICATION
• AUTOMATIC GOLD ACCUMULATION ORDER
• COLLECTING CUSTOMERS’ SCRAP
• GOLD FORWARD (WAAD)
• GOLD SUPPORT
• GOLD-INDEXED FUND SUPPORT
• PHYSICAL GOLD BULLION TRADING
• TRANSIT GOLD TRADING
• LOCO-SWAPS FOR GOLD
• GOLD FOR CENTRAL BANK REQUIRED RESERVE OPTION MECHANISM
• SUKUK DENOMINATED IN GOLD
• PHYSICAL OPERATIONS (INTERNATIONAL)
• VAULTING
CONTENT
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
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995/1000 purity • Gold Deposit
• Gold Participation
Gold Accounts
916,6/1000 purity • Quarter Gold
• Quarter Gold Participation
• Gold Jewelry Participation
GOLD PRODUCTS & SERVICES
1, 3, 6, 12 months period
Profits shares %85-%15 (customer-bank)
Profit shares are in gold
1, 3, 6, 12 months period
Profits shares %95-%5 (customer-bank)
Profit shares are in gold
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
Pricing (₺,$)
• Interbank
•BIST
•Refineries
•KTPB Clients (Branches and 5/24 ADCs)
•APS
Electronic Gold Transfers
• Domestic (in-KTPB, interbank with Turkish Banks)
• International
Automatic Gold Accumulation
Order
GOLD PRODUCTS & SERVICES
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
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Golden Cheque
• 1, 2, 5, 10 gram denominations
Sending Gold via Mobile Application
• Physical deliveries at ATMs and Branches
• Deposit into Account
Collecting Customer’s Scraps (since 2011)
• KT: 12.5 tonnes
• All banks: 55 tonnes
GOLD PRODUCTS & SERVICES
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
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Loco SWAPs for Gold
• TÜRKİYE↔UK, SWITZERLAND, AUSTRALIA
Physical Gold Trading
Transit Gold Trading
• 3-party-transactions
Gold for Central Bank Reserve Option Mechanism
GOLD PRODUCTS & SERVICES
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
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Turkish Central Bank Gold Reserves (Tonnes)
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
116.1
195.3
359.6
519.7 529.1 515.5
377.1 427.8
456.1
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Q4
20
10
Q4
20
11
Q4
20
12
Q4
20
13
Q4
20
14
Q4
20
15
Q4
20
16
Q1
20
17
Q2
20
17
Sukuk denominated in Gold
• At feasibility stage
Customized Gold Bar Production
* KFH
100 gr bar
50, 20, 10 grams on the way..
GOLD PRODUCTS & SERVICES
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
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• Borsa Istanbul
• ATMs (7/24)
• Gold Kiosks
• Branches
Delivery options: • Minted bars (1, 1.5, 2.5, 5, 10, 20, 50, 100 grams)
• Kilobars • Large Bars • Bullion Coin (Quarter Gold, Ziynet)
Physical Gold Deliveries
GOLD PRODUCTS & SERVICES
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
NEED for
STANDARDIZATION
and
REGULATION
of
WHOLESALE MARKET
Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain
TAX-free
GOLD WHOLESALE
MARKET
SHARIA STANDARD ON
GOLD
CROSS MEMBERSHIP OF
EXCHANGES
CLEARING BANKS
PRECIOUS VAULTING
REGULATIVE MARKET
ASSOCIATION
ACCREDITATION OF GOOD
DELIVERY GOLD REFINERS
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Thank you
Treasury Marketing KUVEYT TÜRK
Mobile +905311053772
+905321736972
[email protected]
