Requirement to register guaranteed checks of customers in Sayad system

Iran Economist – According to this policy, from January 7, 2014, it is possible to register the issuance of guaranteed checks in the electronic services portal of the Central Bank (Sayad system portal (Ivy) and from the mentioned date, the issuance of guaranteed checks for customers without obtaining an ID Inquiry is prohibited.
According to the public relations of the Cooperative Development Bank, the issuance of checks guaranteed by banks will be possible only through the integrated electronic check issuance system (Sayad), and banks can request a guaranteed check by calling the check request registration service. Act in accordance with the technical and conceptual documentation of the fishing system.
According to this circular, the delivery of the guaranteed check to its applicant requires the issuance of registration operations in the fishing system (ivy) by the bank (branches).
Similar to the new regular fishing checks, the assignment of guaranteed checks in the Chekavok system will require registration and issuance and locking in the fishing system (ivy).
Also, from 16 Bahman 1400, the transfer of the guaranteed check using the fixed hunter’s inquiry ID in the Chekavok system is prohibited, and from the mentioned date, the acceptance of the said checks with the fixed inquiry ID in the Chekavok system will be rejected. Therefore, from the mentioned date, the settlement of guaranteed checks that have not been issued in accordance with this circular is not possible interbank and through the Chekavok system and must be accepted and processed within the bank.