What is the strategy of the stock market to organize the car market? – Tejarat News
According to Tejarat News, after a lot of tension, it was finally announced that the supply of cars in the commodity exchange will continue and the cars offered in the commodity exchange will be removed from the lottery system.
But according to the head of the exchange organization, the goal of this organization is not only limited to selling cars in the commodity exchange, and Mr. Majid Eshghi has emphasized this issue many times. The head of the stock exchange organization says in one of the programs: Our goal is not only to discuss the sale of cars in the commodity exchange, but we are looking to activate the capacities of the stock exchange to finance the car industry of the country, and bonds and certificates of deposit are ready tools in the capital market in this regard.
The head of the Securities and Exchange Organization continued: We hope for the prosperity of the automobile industry with the completion of measures and the possibility of new investments. In this regard, in the past few days, we have held negotiations with car manufacturers to allocate said resources to the development of new platforms and the quality improvement of current products.
In line with the realization of another program of the stock exchange organization to help improve the situation of the automobile industry, on 18 Bahman, the director of derivatives markets and commodity funds of the commodity exchange, Mr. Arasteh, announced the release of standard parallel auto bonds for one of the automobile companies.
The possibility of receiving profit or physical delivery of goods in standard parallel promissory notes
But what are the parallel promissory notes of the car standard and how is it different from other capital market instruments? In this regard, Mr. Arasteh, the manager of derivatives markets and commodity funds of the commodity exchange, said in an interview with the Javan Journalists Club: The difference between the futures market and futures contracts is that in the futures contract, they only guarantee the transactions and it is in the form of a commitment, but in the futures, one must deposit the total value of the bonds he buys in cash through the system process, and the holder of the bonds from the day of the release to the maturity day can make this a trading bond (buying and selling) and finally, the one who is the final holder of the bonds or can request physical receipt have the goods or receive the anticipated profit and there is no obligation to physically receive the goods.
He further added: Parallel promissory notes are the standard follower of promissory contracts that are traded in the physical market of the commodity exchange. There were a number of limitations for the predecessor contracts. For example, these contracts did not have a maximum limit of 6 months, and producers could finally sell 6-month contracts. Another thing is that the normal predecessor did not have a secondary market either.
Arasteh said: after the investigations carried out in 2013, standard parallel futures bonds were designed, the biggest advantage of which compared to physical futures contracts of the Commodity Exchange, was that these bonds can be issued for more than one year, in addition to this point for this Secondary market bonds were also considered.
Standard parallel promissory notes are a suitable tool for financing the automotive industry
According to the experts in this field, standard parallel promissory notes for cars, in addition to having advantages for buyers, are also a suitable way for car manufacturers to finance. Mr. Rasool Alimohammadi, an expert in the field of commodity exchange, said: Considering the need for liquidity in the automobile industry, standard parallel promissory notes are considered as a suitable financing tool for this industry.
He further clarified: When the financing problem of car manufacturers is solved, in this case, the ability to buy parts from the parts manufacturer will be provided to the car manufacturer, and the car manufacturer will no longer have an excuse for not delivering the car on time. In addition to the completion of the development plans of car manufacturers, the participation of buyers in the profit from production and the growth of investment attractiveness in the car industry are among other advantages of this supply.
Elahe Nemati, another expert in the field of Commodity Exchange, referring to the definite sale of the product and the increase in the production of automobile manufacturers as one of the other advantages of the supply of standard car bonds, said: definite purchase of the product, immunity from price increases and fluctuations in the car market, and secure profit are among the other advantages of these bonds. It is considered for investors.
Now, on Sunday 23rd of Bahman next week, in order to provide working capital, Bahman Motor Company will issue standard parallel bonds of Van Kara 2000 single cab worth 2 thousand billion Tomans in the Iran Commodity Exchange with a maturity of 2 years.
Papers that according to the manager of derivative markets and commodity funds of the commodity exchange, other automakers have also made requests for their publication. Mr. Araste continues: Two other car manufacturers have also applied, and I think we can announce the final details next week. Of course, we have provided standard parallel promissory notes for Iran Khodro and Saipa and they can use it. In general, there is no limit to the issuance of standard parallel self-bonds for any private or government car manufacturer.
According to him, there is even a component manufacturing company whose admission meeting will be held next week; God willing, if it is finalized, we will go to the next stage, i.e. publishing its license, which I think will be published in the first or second week of March.
Considering the advantages mentioned about standard parallel auto paper, now we have to wait and see how this supply will be received and to what extent car manufacturers can use this tool to meet their needs?