Details of how to pledge shares to get a loan
According to Tejarat News, the director of the electronic verification project of the depository company said: People who seek to verify their shares in order to receive a bank loan must complete the process of receiving the facility.
Referring to the bazaar, Samia Mohammadi, referring to the existing process between the money market and the bazaar, added: conditions such as a person’s age (over 18 years old), registration in SJAM, account average, ranking of people based on the facilities received as general conditions in the bazaar There is money that people need to pay attention to. Details of how to validate shares to get a loan
Mohammadi said: A person who is looking for a loan should obtain a grade point average according to the account he has in the desired bank account, so that he can do the rest of the actions related to the confirmation of shares.
The director of the electronic verification project of the Central Depository Company noted: It is not the case that a person who only has securities can definitely pledge it and receive a loan.
He stated: Sometimes, in the meantime, a shareholder who seeks to validate shares and receive a loan freezes his shares with a broker, in which case he cannot pledge his shares again to receive a loan.
Mohammadi emphasized: A person who seeks to receive a loan must place shares with the bank as collateral that can be traded, and in the meantime, symbols of the right of priority in this project cannot be placed as collateral.
The electronic verification project manager of the Central Depository Company considered stock collateral as a complement to the facility process, and stated: In order to receive a loan, instead of taking the guarantor to the bank, a person puts the stock as collateral.
He pointed out: According to the law on collateral guidelines, the guarantor submits a request to the depository company while registering the collateral in the bank system.
Mohammadi continued: Some people abandon the process and do not go through the process completely, at this time they are no longer able to receive a loan.
The manager of the electronic verification project of the central depository company emphasized that the lending method of the banks in question is different from each other and said: The depository company cannot take any action without the request of the guarantor.
He emphasized: If the borrower does not take the measures related to the repayment of the received facilities within a certain period of time and does not fulfill his obligations, after the necessary notifications, the bank will send a sale request to the depository company and sell the asset.
Mohammadi stated: When a person enters the bank system to receive a loan, he must observe some rules and regulations such as the sales power of attorney and must read all these items carefully.