New news about equity shares/ micro loan payment with equity equity collateral – Tejaratnews

According to Tejarat News, the CEO of the Central Securities Depository Company said: Equity shares are used as endorsements, and currently people are borrowing from banks with equity endorsements. Two national banks and Tejarat provide facilities with the endorsement of equity shares.

In August of last year, the electronic verification system (Hoshmand Setareh) was launched and it was decided that the shareholders could receive facilities with the value of their shares, and in fact, their shares would become collateral for bank loans, and even beyond that, the possibility of issuing a pledge of shares for Judicial institutions should be provided, but after a year since the launch of this system, banks still do not want to endorse the shares, while equity shares were supposed to play the role of collateral so that their owners can use bank loans.

“Mohammed Baghestani”, CEO of the Central Depository of Securities and Funds Settlement Company (SAMAT), said about the cooperation of banks with the Star system for pledging shares and paying facilities with this collateral: Currently, many banks are negotiating to use this system. are the system and some banks also use this authentication.

Stating that even private banks are negotiating to use the Star system and use this possibility, he said: Some banks are implementing this service in their systems. But how valuable and attractive this possibility is from a business point of view, and how banks should implement this service depends on the respective bank’s own policies.

The managing director of Central Depository Company continued: Currently, a significant population of real and legal customers, of course, especially legal ones, want to use this service, and this can be considered a good tool for banks.

In response to the question of how much the value of these shares should be in order to bequeath shares and how much the value floor is considered, Baghestani emphasized: There is no floor for the value of shares in the validation system, and the minimum value is determined according to the banks’ strategy. Based on that, it is possible to consider the amount of shares as collateral for a certain number of facilities, and as a rule, the number will be different for each 30 banks, and each bank will consider a specific number of the value of shares for each loan.

The managing director of the central depository company also said about the possibility of using the endorsement of equity shares, although its value is not a significant number: equity shares are used as endorsements, and currently people are borrowing from banks with the endorsement of equity shares. Two banks, Melli and Tejarat, provide facilities with the endorsement of equity shares, but of course, from the perspective of the economic policies that the Ministry of Economy assigns, the loans are given to the owners of these shares with the endorsement of equity shares by these two banks.

Conditions for receiving equity loan

All equity holders can get this loan. Both those who chose the direct method to sell their shares and those who chose the indirect method.

– The first condition to receive this loan is to have an account in National Bank. After that, applicants can apply for a loan through bank applications.
– The second condition is that the applicant must have a national smart card.
– Registration in the Sejam system and authentication is another important condition.
-Also, only people who have not sold any shares of their equity portfolio can receive Bank Melli’s equity loan. If the beneficiaries have sold even one share of their portfolio, they cannot get the loan.
– People whose equity shares are confiscated are not able to receive loans.

Source: Ilana