Gold Products&Services and Need for Standardization of Wholesale Market Selman BAYOĞLU Treasury Marketing Manager Seminar at Amwaj Islands, BAHRAIN / 04 December, 2017 KUVEYT TURK PARTICIPATION BANK CONTENT • 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 Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 1 GOLD PRODUCTS & SERVICES Gold Accounts 995/1000 purity • Gold Deposit • Gold Participation 1, 3, 6, 12 months period Profits shares %85-%15 (customer-bank) Profit shares are in gold 916,6/1000 purity • Quarter Gold • Quarter Gold Participation • Gold Jewelry Participation 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 GOLD PRODUCTS & SERVICES Pricing (₺,$) Electronic Gold Automatic Gold •Interbank Transfers Accumulation •BIST • Domestic (in-KTPB, Order •Refineries interbank with •KTPB Clients Turkish Banks) (Branches and • International 5/24 ADCs) •APS Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 2 GOLD PRODUCTS & SERVICES Golden Cheque Sending Gold via Collecting • 1, 2, 5, 10 gram Mobile Customer’s denominations Application Scraps • Physical deliveries at (since 2011) ATMs and Branches • KT: 12.5 tonnes • Deposit into Account • All banks: 55 tonnes Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 3 GOLD PRODUCTS & SERVICES Loco SWAPs Physical Gold Transit Gold Gold for for Gold Trading Trading Central • TÜRKİYE↔UK, • 3-party- Bank SWITZERLAND, transactions Reserve AUSTRALIA Option Mechanism Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 4 Turkish Central Bank Gold Reserves (Tonnes) 600.0 519.7 529.1 515.5 500.0 456.1 427.8 400.0 359.6 377.1 300.0 195.3 200.0 116.1 100.0 0.0 Q1 2017 Q1 Q4 2010 Q4 2011 Q4 2012 Q4 2013 Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q2 Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain GOLD PRODUCTS & SERVICES Sukuk denominated in Customized Gold Bar Gold Production • At feasibility stage * KFH 100 gr bar 50, 20, 10 grams on the way.. Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 5 GOLD PRODUCTS & SERVICES Physical Gold Deliveries • 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) Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain SHARIA STANDARD ON NEED for GOLD ACCREDITATION CROSS OF GOOD MEMBERSHIP OF STANDARDIZATION DELIVERY GOLD EXCHANGES REFINERS and TAX-free GOLD WHOLESALE REGULATION MARKET REGULATIVE CLEARING MARKET BANKS of ASSOCIATION WHOLESALE MARKET PRECIOUS VAULTING Selman Bayoglu, Treasury Marketing Manager/KUVEYT TURK, Gold Products&Services and Need for Standardization of Wholesale Market, 04 Dec 2017, Bahrain 6 Thank you +905311053772 Mobile +905321736972 [email protected] Treasury Marketing KUVEYT TÜRK 7 .