BWBV0004907
Geldig vanaf 16-11-1962
Artikel 5
Overeenkomst nopens handelsschulden van personen woonachtig in Turkije
(a). Payments in Turkish Lira in respect of debts shall be made to the Central Bank of the Republic of Turkey which shall accept any such payment on the date of maturity duly authorised by the Turkish authorities provided that:
(i) the obligation to make any such payment remains an obligation solely incumbent upon the debtor;
(ii) an application for transfer of the payment duly authorised by the Turkish authorities has been or will be submitted to that Central Bank; and
(iii) in the case of a debt expressed in a currency other than Turkish currency, the amount of the payment shall be calculated at the effective rate of exchange ruling in Turkey in accordance with Turkish regulations on the date on which the payment has been made or is deemed to have been made in accordance with paragraph (b).
(b). Whenever the debtor, owing to his special status by virtue of Turkish legislation, rules or regulations, is duly authorised by the Turkish authorities to make the payment after the date on which it is due, the payment shall be deemed to have been made, for the purposes of the present Agreement but subject to paragraph (a) (ii) of Article 6, on the date originally authorised in respect thereof.
(c). The Central Bank of the Republic of Turkey shall notify, as soon as possible, the appropriate institution of the creditor country concerned of:
(i) any payment made to that Central Bank in respect of a debt before the date of the coming into force of the present Agreement or deemed to have been made to it in accordance with paragraph (b) before that date which has not been previously transferred to the creditor; and
(ii) any payment made to that Central Bank in accordance with paragraph (a) or deemed to have been made to it in accordance with paragraph (b) as from that date.
(d). The notification shall indicate:
(i) the amount of the payment made to the Central Bank of the Republic of Turkey, in Turkish Lira; and
(ii) the amount of that payment expressed in the same currency in which the underlying obligation duly authorised by the Turkish authorities is expressed or, in the case of a debt expressed in Turkish Lira, in the currency of the creditor country in which the creditor is resident (the appropriate of such currencies hereinafter called “appropriate currency”). For the purposes of this calculation, the rate of exchange applied shall be the effective rate of exchange ruling in Turkey in accordance with Turkish regulations on the date on which the payment has been made or is deemed to have been made in accordance with paragraph (b).
(i) the obligation to make any such payment remains an obligation solely incumbent upon the debtor;
(ii) an application for transfer of the payment duly authorised by the Turkish authorities has been or will be submitted to that Central Bank; and
(iii) in the case of a debt expressed in a currency other than Turkish currency, the amount of the payment shall be calculated at the effective rate of exchange ruling in Turkey in accordance with Turkish regulations on the date on which the payment has been made or is deemed to have been made in accordance with paragraph (b).
(b). Whenever the debtor, owing to his special status by virtue of Turkish legislation, rules or regulations, is duly authorised by the Turkish authorities to make the payment after the date on which it is due, the payment shall be deemed to have been made, for the purposes of the present Agreement but subject to paragraph (a) (ii) of Article 6, on the date originally authorised in respect thereof.
(c). The Central Bank of the Republic of Turkey shall notify, as soon as possible, the appropriate institution of the creditor country concerned of:
(i) any payment made to that Central Bank in respect of a debt before the date of the coming into force of the present Agreement or deemed to have been made to it in accordance with paragraph (b) before that date which has not been previously transferred to the creditor; and
(ii) any payment made to that Central Bank in accordance with paragraph (a) or deemed to have been made to it in accordance with paragraph (b) as from that date.
(d). The notification shall indicate:
(i) the amount of the payment made to the Central Bank of the Republic of Turkey, in Turkish Lira; and
(ii) the amount of that payment expressed in the same currency in which the underlying obligation duly authorised by the Turkish authorities is expressed or, in the case of a debt expressed in Turkish Lira, in the currency of the creditor country in which the creditor is resident (the appropriate of such currencies hereinafter called “appropriate currency”). For the purposes of this calculation, the rate of exchange applied shall be the effective rate of exchange ruling in Turkey in accordance with Turkish regulations on the date on which the payment has been made or is deemed to have been made in accordance with paragraph (b).
- Citeren als
- Art. 5
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0004907
- Officiële bron
- wetten.overheid.nl