Why don’t listed companies deposit profits through SJAM?

According to Tejarat News, in previous years, listed companies referred their shareholders to banks to receive dividends, which caused some people to give up these profits, especially for small amounts, or a large part of these funds in the companies’ accounts for a long time. Stay.

This issue led to the launch of a system called SJAM (Comprehensive Customer Information System) in 1998 to solve this problem, so that listed companies can pay dividends directly to individuals.

Although this issue is also required in the “Disciplinary Instruction of Publishers Listed on the Tehran Stock Exchange” and according to Note 3 of Article 5 of this Instruction, publishers are required to pay dividends through the SJAM system, however, statistics show that From September of last year to September of this year, 272 out of 490 companies, ie more than 50% of the companies, paid their profits non-Sajami, and 218 companies paid their profits through Sajam network.

Of course, in terms of market value, large companies have paid most of their shares through SJAM, and about 29% of the market value has paid dividends through non-Sajami.

Meanwhile, in early November of this year, the head of the stock exchange organization was the guest of the Article 90 Parliamentary Commission, and it was decided that the profits of all stock exchange companies will be deposited through the SJAM system in the next two months.

Mohsen Ansari, Director of Publishers Supervision of the Exchange Organization, referring to the reasons why publishers are not welcome to pay dividends through SJAM, says that when shareholders, especially small shareholders, do not go to the bank to receive their dividends, publishers benefit from depositing money in their accounts.

According to Ansari, the major shareholders of many listed companies are banks, and banks also prefer to have money in their accounts.

He referred to the issue of interest payment through SJAM and said: The fee of the Central Depository Company for paying interest through SJAM is 250 Tomans for each shareholder and this issue is one of the reasons that companies do not welcome the payment of interest in SJAM.

The shareholder adds: “To solve this problem, good meetings have been held with the market in recent days and we have reached good agreements.”

Ansari believes that if the Central Securities Depository and Settlement Company can obtain a license as a clearing house and the deposit company is accepted in the clearing house, the restrictions will be reduced in terms of the number of transactions and the cost of transactions will be reduced.

Now the small shareholders are waiting for the fulfillment of this promise so that they do not have to go in person to spend their profit and spend money and time, and sometimes they do not skip their profit.

Profits that may be a small amount for each shareholder, but the sum for the listed company is a large number.

Source: Radio