The issuance of Gam bonds exceeded 45 thousand billion tomans

According to the financial news report According to the public relations of Central Bank, Hamid Azarmand, director of the production chain financing department of Central Bank, stated that the financing process of economic enterprises with Gam bonds has accelerated in recent months and has been welcomed by economic enterprises, adding: Among the key points in This is due to the increase in the variety of activities that use gam papers, so that currently there is a wide range of production activities such as medicine, food and agriculture industries, automobile and parts industry, basic metals, metal products, chemical industries, electrical and electronic industries, household appliances. , trade, construction materials and facilities and energy use this tool for financing.

He continued: So far, 45 thousand billion Tomans worth of bonds have been issued by fifteen banks, and other banks are also ready to develop this tool. Of this amount, about 11 thousand billion tomans have matured and obligations have been fully repaid. Based on this and considering the effective function of this tool in financing production and solving the credit crunch of companies with non-inflationary methods, the expansion of the tool in various production chains will continue with seriousness.

The process of issuing and settling Gam papers
Referring to the features of this tool, Azarmand said: Gam bonds are a credit tool for financing manufacturing companies. The work process is such that the producer company, as the obligee of the bonds, submits the bond issuance request along with the bill of purchase of goods and services to the operating bank, and after going through the validation process and receiving guarantees, the bank proceeds to issue the bonds in favor of the seller. slow

He continued: The seller of the investment can keep the bonds until the maturity date and receive the money from the issuing bank at the maturity date with a bank guarantee or use the bonds to buy raw materials. In this case, the transfer of bonds between the links of the chain will be easily possible without fees and through the agent bank, and there will be no need to discount the bonds and sell them in the capital market.

According to the director of the production chain financing department of the central bank, the holder of the bonds can transfer all or part of the bonds in his possession at any time and without paying a fee, for the purchase of goods and services to the previous link of the supply chain. Also, according to the approval of the government’s economic coordination headquarters, it is possible to pay tax debt, pay state mining rights, buy inputs from state companies such as the National Oil Company, refine and distribute petroleum products, state trade, support services and support livestock affairs, and the like through promissory notes. There is also

Azarmand emphasized: Of course, as an additional option, the bond holder has the possibility to sell bonds in the capital market at any time before maturity, but considering the main function of the bonds, the bond holder can directly sell the bonds in the secondary market without needing to sell them. Transfer these documents through the agent bank.

Referring to the plans of the central bank in line with the development of chain financing tools, he said: expanding the variety of new tools and using tools such as internal letters of credit, electronic bills of exchange and credit cards, developing household financing methods with credit methods, and also developing the use of step bonds in Various industrial and agricultural chains are included in this program.