Accepting stock collateral to receive loans in cooperation with two banks

According to Tejarat News, quoting Samat, the Deputy Minister of Technology and Innovation Development of the Central Securities Depository and Settlement Company, in a televised interview with Khabar Network, said: “We are trying to prepare the infrastructure for guaranteeing all symbols or all shareholders’ shares.” Provide banks electronically so that they can provide facilities to shareholders on the basis of stock collateral.

Prepared by 2 banks

Mahmoud Hassanlou added: Bank Melli and Gharz al-Hasna Mehr Bank of Iran are in the forefront in this field and soon, with the provision of legal grounds, these two banks will start providing facilities.

Absenteeism process

He added: “What is important for the depository company is the identification of the shareholders, which will be done completely electronically and there will be no need to visit in person.”

Obligation to be cohesive

The Deputy Minister of Technology and Innovation Development of the Central Securities Depository and Settlement Company said: All those who want to use these facilities must be registered in the SJAM system.

He added: “During the implementation of this plan, the customer can select the shares that he wants to be pledged and their number through the system, and in the next step, this request will be sent to the bank so that the rest of the steps of pledging the shares can be done.”

Source:سنا