Instruction on the Implementation of the Communiqué on the International Bank Account Number (IBAN)

REPUBLIC OF TÜRKİYE
CENTRAL BANK

HEAD OFFICE
We would like the following references to be repeated in replies:

5 August 2021

Z-TCMB.77609680-128.01-1010

Subject: International Bank Account Number (IBAN) re.

APS

TÜRKİYE PAYMENT AND ELECTRONIC MONEY INSTITUTIONS ASSOCIATION Fatih Sultan Mehmet Mah. Balkan Cd.
No:62 Justwork Ofis Kampüsü
34770 Ümraniye-İSTANBUL

Reference: a) Our letter dated 14.06.2021 and numbered 793. b) Your letter dated 18.06.2021 and numbered 178.

In our reference letter, the Draft Communiqué prepared for the purpose of amending the Communiqué on the International Bank Account Number (IBAN), taking into account the work on the participation of non-bank payment service providers in the payment systems operated by our Bank and the request of your Association, was sent and your opinion was requested, and your opinions were conveyed with your reference letter.

This time, the Communiqué on Amendments to the Communiqué on the International Bank Account Number No. 2021/5 (No: 2008/6) was published in the Official Gazette dated 5.8.2021 and numbered 31559, and it has been deemed necessary to make the following explanations in order to eliminate doubts regarding the implementation of the Communiqué No. 2008/6.

1- While creating an IBAN in accordance with the Communiqué No. 2008/6, in the "Payment Service Provider Code" field, the codes defined for our Bank's reporting obligations and communicated to the institutions upon their commencement of operations shall be used.

2- Since the use of IBAN for the recipient and sender is mandatory in the system rules determined for the Instant and Continuous Transfer of Funds (FAST) System, the exception introduced by the second paragraph of Article 5 of the Communiqué No. 2008/6 shall not apply, and payment institutions and electronic money institutions that will be participants in this System are obliged to comply with the provisions of the Communiqué for each customer account subject to money transfer.

SMO / ETG / IA

Hacı Bayram Mah. İstiklal Cad. No. 10 PK.06050 Ulus Altındağ - ANKARA Telephone No: (312) 507 50 00, Fax No: (312) 507 56 40 e-Mail: iletisimbilgi@tcmb.gov.tr, Internet: http://www.tcmb.gov.tr Kep Address: merkezbankasi@hs02.kep.tr, Trade Registry Number: 269, Swift: tcmbtr2a

REPUBLIC OF TÜRKİYE
CENTRAL BANK

Page 2 of the letter dated 5.08.2021 and numbered 1010 written to the Türkiye Payment and Electronic Money Institutions Association

3- Payment institutions and electronic money institutions that, although not being participants in the FAST System, prefer to use IBAN as their account structure, are also required to generate IBANs in accordance with the provisions of the Communiqué for each customer account subject to money transfer, to use IBAN in money transfers, and to show it in the relevant documents.

4- The current version of the Communiqué No. 2008/6 can be accessed under the heading "Legislation on Payment Systems" located under the legislation tab of our Bank's website.

We kindly request that the necessary action be taken for your information and for it to be announced to the payment institutions and electronic money institutions that are members of your Association.

CENTRAL BANK OF THE REPUBLIC OF TÜRKİYE
Head Office

SMÖ / ETG / İA

Hacı Bayram Mah. İstiklal Cad. No:10 PK 06050 Ulus Altındağ - ANKARA Telephone No: (312) 507 50 00, Fax No: (312) 507 56 40 e-Mail: iletisimbilgi@tcmb.gov.tr, Internet: http://www.tcmb.gov.tr Kep Address: merkezbankasi@hs02.kep.tr, Trade Registry Number: 269, Swift: tcmbtr2a