Power of attorney for factoring transactions

SHORT ANSWER

What is this sample used for?

Power of attorney for factoring transactions: full sample text, explanations of the authorities mentioned in the text and a checklist for preparation before the transaction. The authority to be granted depends on the transaction to be carried out and on the situation of the person represented.

Clarify the scope before the transaction

Subject of this page

Power of attorney for factoring transactions.

Wording explained in the source text: collection and receipt, settlement, release (ibra), credit and borrowing, application and signature.

Also assess

The person to be authorised, the transaction, the amount, the term and any limits should be specified. Granting every authority in the text may not be necessary for every transaction.

The notarial or consular form and the document requirements of the institution concerned must also be confirmed.

Full sample text

Turkish original (PDF)Turkish original (Word RTF)

GÜNEŞ & GÜNEŞLAW FIRM · POWER OF ATTORNEY SAMPLES

P08-057 · ENGLISH TRANSLATION OF THE FULL SOURCE TEXT

Power of attorney for factoring transactions

Attorney details

Attorney Umut Güneş

Bar and registration: Antalya Bar Association · 1447
Turkish ID no.: 30802000496
Tax office / no.: Üçkapılar Tax Office · 4340145617
Address: Bahçelievler Mah. Konyaaltı Cad. Yalı Apt. No:66/8 Kat:4 Muratpaşa / ANTALYA

When a power of attorney is drawn up, the attorney details above are used; the authorities to be granted are determined for the specific transaction.

This is an English translation of the Turkish sample text, provided for information only. A power of attorney to be used in Türkiye is executed in Turkish: the Turkish original (PDF or Word) is the text to take to the notary or consulate, and the translation does not replace it.

Sample authority text (English translation)

With all banks, special finance institutions and factoring companies that are currently operating, or will operate in the future, within the borders of the Republic of Türkiye, to draw up and sign factoring agreements in my name, to incur debts in my name, to assign my receivables within the framework of the provisions of the Turkish Code of Obligations, where necessary to take assignment, in my name, of the receivables of third natural or legal persons, to draw up and sign the assignment agreements relating to this matter, to open all kinds of accounts in my name or to close my accounts, to withdraw money from my accounts, to deposit money, to collect EFT transfers or remittances coming to my name, to collect and receive (ahzu kabz), to enter into settlement and grant release, to present the documents and papers that will be requested from me, to issue records and copies, to correct all kinds of errors, to make declarations, to submit petitions, to carry out all acts and transactions required in this regard, to pursue them

and to conclude them with his/her signature,

The source text has been translated in full. Before using the sample, check the identity, transaction, authority and form requirements.

WORDING IN THE TEXT

What do the authority wordings mean?

This section explains the wording found in the source; it does not add any new authority to the source text.

Collection and receipt

Covers wording on receiving a payment or a receivable. The amount to be received, from whom and by which method should be made clear.

Settlement

Wording on the authority to resolve a dispute by agreement. Whether the matter is open to settlement and the consequences of the agreement should be assessed separately.

Release (ibra)

May cover statements ending a debt or liability. The person to be released, the subject matter and the amount should be specified.

Credit and borrowing

Covers wording on taking out a loan or incurring debt. The amount, maturity, debtor and security terms should be specified.

Application and signature

Refers to the authority to apply to the relevant institution or sign documents for the specified transaction. The scope of documents and transactions should not be treated as unlimited.

PREPARATION BY TRANSACTION

Check before the transaction

Prepare the bank or institution, account, loan, receivable or security details.
Identify the debtor, the amount of the transaction and the term; distinguish between your own debt and another person's debt.
Prepare your valid identity document and the attorney-in-fact's details; confirm with the notary office or consulate whether additional documents and photographs are required.
If a foreign notary will be involved, clarify the sample text and the certification/translation route for the country concerned with the firm before the transaction.

Powers of Attorney, Notary, Consular and Apostille Procedures

Frequently asked questions

Can I use this text directly?

Assess the details and authorities in the sample against your specific transaction. The form of the notarial or consular act and the current legislation must also be checked separately.

How can I download or print the text?

Use the Print option, or download the Turkish original as a PDF or Word (RTF) file. Only the Turkish original is offered for download, because a power of attorney to be used in Türkiye is executed in Turkish. The RTF file can be edited in Word and compatible word processors.

What should I do if I will act from abroad?

First clarify the transaction and the scope of authority with our firm. Depending on whether you go through a consulate or a foreign notary, determine the preparation of documents, certification and translation.

Official consulate appointment page

Source information

Entry: P08-057 · Index

Import date: 27 September 2026. This date is not a legal update date.

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