Details of equity credit card issuance

According to Tejarat News, the latest news indicates the readiness of the Central Depository Company to provide the necessary services to banks to issue credit cards to those entitled to justice shares, and banks can apply for credit based on the current value of individuals’ assets. The equity credit card is designed based on the relationship between the money market and the capital market, and the guarantor can submit his application through the electronic portal of the banks, after which services and information exchanges are established between the central depository company and the banks.

Details of lending by banks

Accordingly, some banks have seen the plan in the form of credit cards, and some banks are trying to top up one of the customer accounts and the shareholder can enjoy the relevant facilities in the banks. In fact, each bank offers a percentage of its assets in the form of credit in proportion to the level of risk coverage. Some banks have projected 60% of the day value of the individual assets and some up to 100% for the provision of facilities, the mechanism of which depends on the operating bank.

Finally, the individual application is sent to the Central Depository Company. These requests are cumulative and the discussion of mechanized certification takes place and then the company announces to the bank that the individual shares have been certified and the bank can give credit to the shareholder. Some banks intend to charge this amount in the form of charging ordinary customers’ cards. Some buy cards and some charge through new payment methods. This plan is especially for those who have chosen the indirect method of managing their stocks.

Currently, several banks, including the National Bank, are doing this for the direct ones, but given that the indirect ones are about 30 million, more banks are joining the scheme.

What characteristics should the participants have?

According to ISNA, the subject of justice stocks, which has chosen the indirect method of managing its stocks, must be Sajami, and after authentication in the applications related to the operating banks and after the deposit company has confirmed that Sajami is a person for the bank, it can have assets. Observe yourself and realize how much equity assets you have and fill in the relevant form in the bank system accordingly. The process is completely electronic and applicants can submit their application through banking applications.

In this regard, rumors about the allocation of a loan with 50% of the daily value of equity shares with an interest rate of 18% and a three-year repayment period for shareholders of the indirect method of equity shares have been published, which was denied by the Central Depository. In recent days, some websites and virtual channels have published news attributed to the deputy director of the Central Depository Company about allocating a loan with 50% of the daily value of justice shares with an interest rate of 18% and a three-year repayment period for shareholders of the indirect method of justice shares. The news is unreal.

According to the report, the Central Depository Company is ready to provide the necessary services to banks to issue credit cards to equity shareholders as of today, and banks can apply for credit based on their credit mechanisms based on the current value of individuals’ assets. Also, the interest rate and the repayment period of justice equity credit cards depend on the policies of the operating banks, and the banks have not yet issued an official opinion on this matter.

Let the remnants of the stock of justice be heard

Gholamreza Marhaba, a representative of the people of Astara in the parliament, also believes that the registration process for the “remnants of justice shares” will begin immediately after the vote of the deputies and the approval of the Guardian Council, so that those remnants of justice shares in the lower six deciles of society Benefit from the plan. Months ago, the parliament’s economic commission put on the agenda a plan to register the remnants of justice shares.

According to this plan, individuals and families of the lower 6 deciles of the society who are eligible to receive these shares but have not been able to register in the previous round, will be able to register and receive justice shares.

This resolution was finalized after many deliberations in the Economic Commission and a way will be taken to make a decision and the task will be determined soon. Hello, referring to the reasons that finally persuaded the members of the Economic Commission to design and compile this plan, he said: According to official statistics from regulatory bodies, more than 2.3 million welfare clients and more than one million members of the relief committee’s family are not on the list of recipients of justice shares, despite severe deprivations. This is while the existential philosophy of creating and distributing these shares is to support the deprived sections of society. Accordingly, in the framework of the re-registration scheme of the survivors, the deputies try to return the general orientation of the plan to the support of the vulnerable groups.

The day value of equity shares

Yesterday, the stock market index experienced a drop of 5,870 units. At the end of yesterday’s trading in the capital market, the value of each sheet of 532 thousand Tomans justice stocks reached 10 million 563 thousand Tomans and one million Tomans stocks reached 21 million 126 thousand Tomans.

Source: Iran