Explanation of the Minister of Economy regarding the provision of loans with the collateral of shares in the Star system
According to Tejarat News, star system What is?
The Minister of Economic Affairs and Finance said: Owners of equity shares and stock exchange shares can use their property portfolio in the judicial system and the banking network as a support and for collaterals of micro-facilities.
Quoted from Irena“Ehsan Khandozi” at the unveiling ceremony of star system He said: Today is a big starting point for us and we hope that with the continuation of these movements, people will benefit from the existing capacities more than today.
He added: star system An institutional innovation is between the institution of the monetary network, the stock market and the judicial system, and it can be a link between capacities that existed but were not recognized.
The Minister of Economy stated: From now on, people can use their assets in the stock market, equity shares as collateral to receive banking services, including small loans, and to receive the services of the judicial system.
He emphasized: From now on, by establishing star system It is possible to issue bonds to 50 million shareholders online and without administrative formalities for the banking network and the judicial system.
Khandozi said: In the next phases, not only shareholders and owners of equity shares can benefit from the benefits star system and provide collateral, but the owners of partnership bonds, deposit certificates, gold certificates can also use this instrument as collateral by forming a portfolio of ownership.
He said: People who previously had problems with guarantee and collateral to get a loan of 30 to 100 million tomans can solve this problem today by providing stock collateral.
The approval of shares was one of the requests that the financial system and banks as well as economic officials had from the Securities and Exchange Organization. The implementation of this project started months ago in the 13th government, and yesterday the unveiling ceremony of the electronic collateral system was held in the presence of the Attorney General of the country, the Minister of Economic Affairs and Finance, the strategic deputy of the judiciary and the heads of the operating banks, hosted by the Securities and Exchange Organization and The Central Depository Company was held at the building of the Securities and Exchange Organization.
This system works in such a way that if a shareholder (real or legal) intends to pledge with another person, he can validate his shares as collateral with another person (real or legal) through steps and under the supervision of the central depository company. .
Based on this, in the next steps, the acceptance of other assets such as coins, life insurance savings, salary deduction certificates, etc., will be added to this system to do things that require collateral.