CHANGE OF GUARANTEE

CHANGE OF GUARANTEE

PROCESS OF PROCEDURE

The security deposit, which is prepared as an attachment to the petition for a change in collateral, must be sent directly to the Ministry or TÜRSAB.

According to the travel agency groups, the security deposit amounts are as follows:

• 7.000,00 TL for Group A travel agencies 
• 6.000,00 TL for Group B travel agencies 
• 5.000,00 TL for Group C travel agencies

The security deposit amount is determined as 25% of the aforementioned amounts for the branches of travel agencies.

The establishment security deposit can be arranged in two different ways:

1. If the security deposit amount is deposited in cash to the Ministry's account;

• The account from which it is sent must belong to the company that owns the travel agency. 
• The title of the travel agency must be included in the explanation section. 
• The transaction receipt must be stamped and signed by the intermediary bank.

Attention should be paid to these matters,

2. If it is arranged as a security letter;

The amount determined for the Travel Agency Group must be committed definitively and indefinitely by the relevant bank.

Annex: Example Text For Security Letter

IN CASE OF REDUCTION OF ESTABLISHMENT SECURITY DEPOSIT, GROUP CHANGE OF SECURITY DEPOSIT

In case of a group change, if there is a difference in the establishment security deposit that needs to be refunded between two groups, the difference is withheld by the Ministry for one year, and if there is no situation requiring set-off, the establishment security deposit difference will be refunded at the end of one year. In case of a security deposit deficiency, the remaining amount is completed by the Travel Agency within thirty days from the notification of the Ministry, regardless of how it occurs.

REQUIRED DOCUMENTS

1. Application Petition
2. Original Establishment Security Deposit
3. Original Travel Agency Information Update Form

REQUIRED FORMS AND LETTERS

1. Travel Agency Information Update Form
2. Sample Letter for Change in Collateral
3. Sample Guarantee Letter
4. Guarantee Deposit

• If a security letter is to be given, the commercial title must be included in the definite and indefinite security letter for the agency title.
• Security deposits other than security letters are deposited into the account numbered "TR89 0000 1001 0000 0350 1540 21 IBAN" of the Ministry of Culture and Tourism Center Treasury Directorate, or to the Ministry of Culture and Tourism Center Accounting Unit through accounting units belonging to general budgetary institutions in provinces or districts. (The original receipt must be stamped and signed, and the sender's section must include the commercial title (no personal name should be included in any way), and the explanation section must include the agency title obtained from the Ministry of Culture and Tourism.)

• For Group A: 7.000,00.-TL (Seven Thousand Turkish Liras)
• For Group B: 6.000,00.-TL (Six Thousand Turkish Liras)
• For Group C: 5.000,00.-TL (Five Thousand Turkish Liras)      

and for each branch, the amount must be 25% of these amounts.