How do stock exchange become collateral for a loan?

According to Tejarat News, the technical director of the electronic verification project of the central depository company, the stock verification process for receipt loan explained

Masoud Sedekhi in a conversation with ISNAEmphasizing that the main audience of the electronic verification system is the general public, he said: For this reason, this process has been tried to be presented with the least amount of complexity in cooperation with banks. So that people can easily make an online purchase and only by using their mobile phones collateral do

He also explained about how to receive this facility: Applicants must be registered and authenticated in the comprehensive customer system or the SJAM system to receive this facility. In this regard, they must accept the terms and obligations related to the electronic confirmation of shares and read all the clauses related to it with sufficient care.

The technical director of the electronic verification project of Central Depository Company continued: One of the advantages of electronic verification of shares and receiving facilities is that it will stabilize the capital market. In this way, people can get financing from the collateral bank instead of selling their property and use it for their own affairs.

Stating that the electronic verification of shares has been established as a bridge between the stock market and the money market, Sedki stated: As a result, it is the banks that play a role as one of the main factors in this process. Currently, three national banks, Mehr and Resalat, have joined this process and have added this possibility in their portals.

He emphasized: Central Depository Company has no restrictions on providing these services to other banks. This company is preparing memorandums to complete the legal list and after that it will be announced publicly that other banks will join.