The role of the capital market in financing the industry has always been criticized, so the Ministry of Industry, with the concurrence of the Industrial Development and Renovation Organization of Iran and auto and parts industry activists, intends to facilitate the implementation of the GAM plan while financing the industry. Purchase raw materials and industrial supplies.
Khodrocar - Utilizing new methods for financing production units is on the agenda of the Ministry of Industry, Mines and Trade, and based on this, the introduction and operation of productive credit certificates (GAM) for various industries is being pursued.
Accordingly, the automotive industry is using the capacities of the capital market by relying on this method, so that step securities in financing parts manufacturers will have a suitable application due to the guarantee of liquidity of bonds at maturity by the operating bank, which of course to achieve It requires the support of automakers as bondholders.
With the latest decision of the officials of the Ministry of Industry, these bonds will soon be operational.
"Previously, the capital market and the capacity of this market in terms of financing have not been used properly and have relied more on bank resources, so the implementation of this plan is a glimpse of the capital market.” Mohammad Reza Najafi Manesh, manager of part makers association told khodrocar reporter. "In this method, the bank determines the bonds by validating the applicant who is a car manufacturer or parts manufacturer, if he has the ability based on the purchase invoice.”
"If Iran Khodro has a purchase equivalent to 20 billion Tomans from Sapco and this amount is paid in the form of GAM bonds, Sapco can provide these bonds to the collection maker and they can either take action to receive the cost of these bonds and Or keep these bonds, but if no money is transferred within the first month, there will be no cost.” He said.
"The component maker can provide the papers to the suppliers, and suppliers can either spend or maintain the bonds, the component maker can also use these papers to buy raw materials, and ultimately the last person to These bonds reach him, he can wait for the bonds to mature and receive the specified amount, or he can enter the capital market and act with a lower percentage of cash.” He said.
"The implementation of this method can be of great help to the automotive industry, while currently the financing methods in the world are the money market, the capital market and finally the debt market, which includes a high number of debt markets in the world.” He mentioned.
"The bills of the first person to apply for these bonds will be checked by the bank and its credit will be checked, and after issuance, subsequent individuals will not be subject to bail.” He added.
"The ceiling for the issuance of these bonds and credit set by the Central Bank is generally 50 thousand billion tomans, according to the plans made, the time of implementation of this plan will be after receiving the code set by the stock exchange organization, which after the necessary preparations This new project will enter the implementation phase, which will definitely be a great help for the automotive and parts industry.” He continued.
"In the purchase of debt, the check is received and taken into account, while validation is performed, and finally, if the check is not connected, the applicant will be responsible, but in the step method, the bank will guarantee the slide and the applicant will be responsible for It will not have papers.” He said.
With the latest decision of the officials of the Ministry of Industry, these bonds will soon be operational.
"Previously, the capital market and the capacity of this market in terms of financing have not been used properly and have relied more on bank resources, so the implementation of this plan is a glimpse of the capital market.” Mohammad Reza Najafi Manesh, manager of part makers association told khodrocar reporter. "In this method, the bank determines the bonds by validating the applicant who is a car manufacturer or parts manufacturer, if he has the ability based on the purchase invoice.”
"If Iran Khodro has a purchase equivalent to 20 billion Tomans from Sapco and this amount is paid in the form of GAM bonds, Sapco can provide these bonds to the collection maker and they can either take action to receive the cost of these bonds and Or keep these bonds, but if no money is transferred within the first month, there will be no cost.” He said.
"The component maker can provide the papers to the suppliers, and suppliers can either spend or maintain the bonds, the component maker can also use these papers to buy raw materials, and ultimately the last person to These bonds reach him, he can wait for the bonds to mature and receive the specified amount, or he can enter the capital market and act with a lower percentage of cash.” He said.
"The implementation of this method can be of great help to the automotive industry, while currently the financing methods in the world are the money market, the capital market and finally the debt market, which includes a high number of debt markets in the world.” He mentioned.
"The bills of the first person to apply for these bonds will be checked by the bank and its credit will be checked, and after issuance, subsequent individuals will not be subject to bail.” He added.
"The ceiling for the issuance of these bonds and credit set by the Central Bank is generally 50 thousand billion tomans, according to the plans made, the time of implementation of this plan will be after receiving the code set by the stock exchange organization, which after the necessary preparations This new project will enter the implementation phase, which will definitely be a great help for the automotive and parts industry.” He continued.
"In the purchase of debt, the check is received and taken into account, while validation is performed, and finally, if the check is not connected, the applicant will be responsible, but in the step method, the bank will guarantee the slide and the applicant will be responsible for It will not have papers.” He said.
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