With the field of active bond insurers having thinned out and credit spreads still blown out, leading Turkish banks have yet to revive their structured finance programs. But they have the luxury of waiting, as the likes of Akbank, Denizbank, Turkiye Garanti Bankasi, Turkiye Is Bankasi, Yapi ve Kredi Bankasi and Turkiye Vakiflar Bankasi generally enjoy a reliable deposit base. What's more, they've built a cushion from borrowings of the last few years. Still, these banks will return, and when they do re-tap their diversified payment rights (DPRs), volumes, tenors and the investor audience will likely be another world from the all-you-can eat buffet that was `06 and early `07. And while there's still hope that existing assets will spawn their own kind of deals, the disruptions of the liquidity crisis are likely to further delay the emergence of the sector.