نشست خبری دکتر امیری

Tehran, Feb. 08 (SENA) - Deputy for Supervision on Exchanges and Issuers at SEO uttered that enlargement of distinct financial tools is the approach of Commodity Exchange so that with offering better services and affording the needs of industry activists in the ambit of covering the risks of the prices in the future and the ability to schematize for producing in a favorable way, the production and the Iranian product are steadied.

As SENA reports, Hassan Amiri declared that ordered pricing, quality guarantee and buyer and seller’s rights in a transaction has always been one of the problems of the traditional activists in different commodity markets. As the traditional market was engaging with such difficulties, the prices in the Commodity Exchange were competitive and in a vivid extent; and the Exchange, as the transaction platform and an impartial, took the exhibitors’ guarantees as if a sparing disparity in either quality or quantity between the given samples erupted, the buyers’ rights are thoroughly enounced.

Regarding to guarantees in Commodity Exchange, he remarked that there is a vast range of guarantees with which in the case of suing and pursuing in the intended committees in the Exchange, the buyers’ rights would be completely discoursed.

Hassan Amiri cited about price detection that generally, the Exchange is responsible for creating the needed infrastructures for determining prices and not for the determination process itself; and the minimum price is designated through different methods. But if The Market Regulation Headquarters get sensitive on a specific commodity, they would determine the base price and this commodity would be offered based on the given price.

He instantiated: “like the case of some metal and petrochemical products, the base prices are designated by certain formulas or by the comments of related communities; hence, the buyers compete based on the tagged price until the price would be fixated according to the supply and demand rate.

Determining Price and Enhancing Products’ Qualities, Two Eminent Advantages

Amiri regarding to the advantages of supplying different products in Exchange informed that the uppermost advantage of the Commodity Exchange in determining different products’ prices is that numerous exhibitors and applicants are involved in this transaction and the more the numbers are, the more accurate the determination would be done; and also the premier usage of the Exchange is to determine the true price.

Declaring the second advantage, he stated the clarity and standardization. “The commodities that are confirmed must be consisted of the defined standards; because only the accepted commodities are authorized to be transacted. For gaining this permission, there is a procedure in which meeting the standards and observing circumstances and determined traits from the Exchange is of grave importance. Thus the buyers are guaranteed that the standards and qualities of the displayed commodities are qualified.” he added.

He intimated: “Clarity in this market is also visible; in the meaning of distinguishing the information of each buyer and seller and the perennial availability of the history of each transaction.”

Exchange’s Keen Performance in Context of Supervising Commodities’ Standards

Regarding to the ability of returning commodities due to unsuitable standards, the Deputy for Supervision on Exchanges and Issuers said: “If a flaw is observed from the exhibitor in the quality of the given product, via the taken guarantees from the seller, the buyer can claim damage. In case of contradiction between the given commodity and the listed information in the supply announcement, the buyers are able to prosecute. There are also committees which after obligatory checks discourse the buyers’ rights and the quantitative contradictions in the amount of 5 percent, can be solved with monetary agreements between the buyer and the seller.”

Deputy of SEO of Iran added that contradictions in quality is also studied in a committee with professionals from the specific industry in Commodity Exchange and if they do not reach any agreements, the issue would be prosecutable at first from the Stockbrokers Association Reconciliation Committee and then from the judging commission of the SEO of Iran; the issued sentence would be applicable due to the given guarantees from the seller.

He uttered that the exhibitors are obligated to give guarantees to the Exchange as if the advertised commodity was not suitable to the exhibited product and lead to prosecution. According to the supplier’s credit, the bails differ; and it is specifically available in this market and unrepeatable in unofficial transactions in markets.

Patronage of National Production through Commodity Exchange’s Financial Tools

Hassan Amiri explained that Commodity Exchange should be leading in modeling and exhibiting modern financial contracts and professional financial securement tools; and as expected enlargement of Stock Market should be based on commodities.

The deputy mentioned that this type of enlargement can eradicate many concerns of the producers and consumers; because of the variety of products in Commodity Exchange specific tools to each industry should be designed to meet the needs of the activists in this area and for reaching this purpose presenting various financial tools augments the role of Commodity Exchange in aiding industries.

Eventually he announced that by amplifying financial tools that are the premier aim of Commodity Exchange, diverse services could be introduced to the industry activists.

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