Bank Settlement – Coming Soon Dollar Loan Settlement Date

Bank Settlement – Coming Soon Dollar Loan Settlement Date

Another important milestone in the process of bank settlements is that for dollar loans and real foreign currency loans, financial institutions have to settle on the 30th of June. Although the closing date for loans denominated in $ and actually repaid in foreign currency is the end of June, financial institutions are required to send settlements only between 1 August and 30 September. An exception to this is if the lawsuit initiated by the financial institution before August 1 is not closed, the deadline for sending the settlement is sixty days from the end of the lawsuit.   The exchange rate gap and the settlement of unilateral interest increases It affects some 2.1 million foreign currency-based consumer loan contracts. The banks accounted for the most significant repayment of the approximately 500,000 live foreign currency mortgage contracts, which were also subject to the conversion into dollar at a fixed exchange rate. In the first phase of settlement, banks repaid $ 744.4 billion to their foreign currency-denominated...
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