Hello, does anybody know of a trading platform that will work with funds blocked in a Turkish Bank?
this would be of great asssitance to us.

netting a collateral account for an arbitrage flip is not possible with Turkey because the Central Bank needs to be engaged and they refuse to give a general handling license, so for each and every flip you would technically have a risk approval, the paperwork would be murderous, however you may have luck if you use a turkish branch of a big western european bank, not a subsidiary but a branch; however I doubt they will accomodate you because in general they would do it through a special branch outside Tureky and either move or loan against the funds and the environment is not very friendly for these now, also depends on the client status within the bank

Please contact me at projects1960@usa.com

Richard, you advice is spot on. We had a similar sitution before Christmas and the client moved his funds to HSBC, a branch, not subsidiary, in Turkey and we could still couldnot get the necessary documents because of the turkish central bank. The proposed transaction was within HSBC could not even work internally to their western counterpart. Turkey has difficulties because of their failure to join the EU and their banking system is very reluctant to move funds from within. Commercial business is difference in that they have a modus operandi through which all Turkish company work and it is satisfactory for them Investment funds a different proposition altogether . I like Richard advise you to take extreme care and do not let anyone get a JV on those funds or attempt to tell you they can get a credit line against blocked funds, they can't.

So if anyone tells you any different they are misleading you and you will probably end up with your funds, sorry your clients funds, in dispute for a long period of time, if not lost