Economy 6 sources
Tera Portföy declares default in two funds, payment periods extended in six funds
On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.
News sources
Source spectrum State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign 
Ekonomim: Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek1st to publish30 citations today 
Karar: Pusula’nın ardından Tera Portföy’de kritik gelişme: İki fonda temerrüt, 6 fonda ödeme süresi uzadı4th to publish42 citations today 
Halk TV: Fonları temerrüde düşen Tera Portföy Cumhurbaşkanı Erdoğan'a sığındı!5th to publish34 citations today 
Cumhuriyet: Tera Portföy'ün fonları temerrüde düştü: Başkanından 'Erdoğan' ve 'spekülasyon' vurgulu açıklama geldi6th to publish34 citations today
+2 BirGün · 3rd to publishEvrensel · 2nd to publish
Ekonomim: Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek1st to publish30 citations today Karar: Pusula’nın ardından Tera Portföy’de kritik gelişme: İki fonda temerrüt, 6 fonda ödeme süresi uzadı4th to publish42 citations today Halk TV: Fonları temerrüde düşen Tera Portföy Cumhurbaşkanı Erdoğan'a sığındı!5th to publish34 citations today Cumhuriyet: Tera Portföy'ün fonları temerrüde düştü: Başkanından 'Erdoğan' ve 'spekülasyon' vurgulu açıklama geldi6th to publish34 citations today
+2 BirGün · 3rd to publishEvrensel · 2nd to publish 
Where reports differ
Independent press Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.
Opposition-leaning press Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.
