The method of securing the shares to get a loan was determined

Opportunity Bail Shares are provided to shareholders to receive loans through banks. In the near future, they can register their application by visiting the banking systems.

EconomyOnline According to the Deputy Minister of Technology and Innovation Development of the Central Depository Company, if he has registered a shareholding in SJAM, he can pledge his share and obtain a facility from the bank.

In this regard, applications and banking systems should be created that some banks have been connected to this system, and it is hoped that by the end of the spring, the entire banking network will be connected to this system.

Mohammad Hassanlou pointed out: The infrastructure of this work has been prepared by the Central Depository Company and the other side of the work, namely the banks, must provide this infrastructure and service, and I think this will happen by the end of the spring season.

He also said that the shareholder can go to the relevant bank in his city and neighborhood to get a loan and even select the desired service through the relevant bank application.

According to Hassanlou, a pilot program next week Bail We will have the share to provide facilities that will be implemented in real time by fixing unforeseen bugs.

It should be noted that on May 26 of this year, the Central Bank notified the banks of the instruction to grant micro-facilities up to 200 million Tomans using stock and non-stock documents, including stocks, bonds, tangible property and SIM cards.

This instruction was prepared with the aim of preparing the conditions for facilitating the applicants’ use of micro-facilities through the establishment of an accreditation system based on accreditation.

On the other hand, Eshghi, the head of the Stock Exchange and Securities Organization, also announced the possibility of certifying shares electronically with a request from the State Property and Deeds Registration Organization.

How to pledge shares

The central depository company provides the information to the banks, and the shareholder must take action on the stock collateral as well as the loan by referring to the bank application.

With OTP (disposable) SMS, the shareholder Sajam is authenticated and if OTP is entered correctly, the shareholder’s collateral shares will be displayed in the bank application.

After this step, the shareholder can select the stock he / she wants to pledge and the number of shares he / she intends to pledge.

This request, like the Shaparak payment system, directs the shareholder to the depository company’s systems. In this section, the bank request is displayed to the user and authentication is done with OTP Sajam to confirm the identity of the shareholder and the amount of shares to be pledged.

The collateral fee must be paid by the shareholder and if this is successful, the collateral request will be registered.

At the end of the trading day and after the transaction, the shareholders’ request is applied in the post-transaction system and the next working day, the result of this request will be provided to the banks.

The shareholder must be aware of the fact that the stock that is set as collateral for receiving a bank facility has been frozen in the depository company and the shareholder cannot sell it until the settlement of his facility is completed.