Resolution of SEO’s Shariah Committee on Settlement Guarantee Fund
چهارشنبه, 12 بهمن 1401 12:00 resolution seo Shariah Committee 105
Gallery Image 1
The Shariah Committee of the Securities and Exchange Organization of Iran (SEO) released its view on Settlement Guarantee Fund.

The purpose of creating this fund is to cover the risk of settlement of funds. The service of this fund is as follows:
The members of the clearing house (all stock exchange brokers) as direct users of the clearing house services, based on the relationships that represent the risks of their activities, provide participation in the settlement guarantee fund. Therefore, the guarantee fund is a reservoir of resources provided by all exchange members (brokers) in proportion to their exchange activity. These resources are used when a member defaults, so that the settlement process does not face problems.

In other words, the clearing house can provide temporary compensation of the deficit from the resources of the guarantee fund in case of deficit in the settlement period. Members who default in paying their debts on the due date and are forced to use the resources of the guarantee fund, must pay a fine to the guarantee fund according to the rules. This fine is calculated based on the default amount, hours of delay, the number of delays in the current three-month period, and a fixed penalty to prevent small defaults.
. The fund's guarantee for the timely settlement of members' debts is permissible.
As a condition in the contract and by determining obligation, the members undertake to pay a certain amount in accordance with the provisions of the obligation in case of violation and default in settling the debt in due date.

Prev Next
برچسب‌ها
برای ارسال نظر وارد سایت شوید