The government will be the guarantor of the insurance obligations of small shareholders
Publication of the approvals of the Board of Trustees of the Capital Market Stabilization Fund;
According to the financial news report According to Capital Market, last November 10, the 18th meeting of the Board of Trustees of the Capital Market Stabilization Fund consisting of the Minister of Economic Affairs and Finance, the Chairman of the Stock Exchange Organization, the Governor of the Central Bank, the Chairman of the Planning and Budget Organization, and the Chairman of the Executive Board of the National Development Fund were held on site. The Ministry of Economy and Finance was held.
According to this meeting, clauses were defined and assigned in order to fulfill the fund’s missions in managing and controlling capital market risks.
Based on the approvals of this meeting; The Capital Market Stabilization Fund committed to the insurance of stock portfolios belonging to natural persons with a stock value of up to one hundred million Tomans through the insurance of stock bonds with a maturity of one year and a guaranteed rate of 20% with the cash settlement method.
The fund was also decided to insure the portfolio of stocks belonging to fixed income investment funds through the issuance of subordinated put option bonds with a maturity of one year.
According to the arrangements made, any possible obligations in the maturity of the mentioned bonds will be funded by the government from the budget line provided in the budget law of 1402.