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Code: 51701 Visited: 60 Publish Date: Sep 12 2018 - 1:17
https://goo.gl/9vqWU9
Capital Market
Warrants and Reinsurance Certificates on Way
Tehran, Sep. 12 (SENA) - Following the introduction of funds in funds scheme a few days ago, Shapour Mohammadi, Chief Executive of SEO attended a brainstorming seminar in Imam Sadeq University, where he mentioned that reinsurance, and catastrophe insurance certificates, as well as warrants, would be soon available for trading.

Tehran, Sep. 12 (SENA) - Following the introduction of funds in funds scheme a few days ago, Shapour Mohammadi, Chief Executive of SEO attended a brainstorming seminar in Imam Sadeq University, where he mentioned that reinsurance, and catastrophe insurance certificates, as well as warrants, would be soon available for trading.

Since all the instruments and institutions in the Iranian capital market must be Sharia-Compliant, the warrant is being reviewed by the Capital Market Sharia Board, and if approved, will move to the operational phase. Mohammadi also referred to the reinsurance and catastrophe insurance certificates as the first phase of cooperation between insurance and capital markets.

Mohammadi went on to talk about the commodity exchanges. He mentioned precious Saffron as the latest merchandise traded on Iran Mercantile Exchange. Regarding the Iran Energy Exchange, he expressed that the year-to-date trade value is hovering around 5000 billion rials, which is way below expectations. Accordingly, authorities have targeted 10,000 billion rials by the end of the current Iranian year (started March 20).

 

 
By: Security and Exchange News Agency (SENA)
 
 
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