Clearstream, Euroclear Halt Lira Trade on ‘Bridge’ Platform
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Clearstream Banking and Euroclear Bank have jointly decided to suspend Turkish lira transactions over a shared electronic communications platform effective from May 18, according to a statement on Clearstream’s website.
The decision to temporarily suspend lira transactions on the platform known as the Bridge was made due to liquidity restrictions on the lira related to Covid-19, Clearstream said in the statement, adding that new settlement instructions in lira will be refused as of Friday evening.