CSDI Successfully Settles Iran Crude Oil-backed Standard Parallel Salam Contracts
Central Securities Depository of Iran has announced the successful settlement of parallel Salam standards contracts for the Iranian light crude oil consignments with the enormous total value of nearly 30 trillion rials on their maturity date on October 3-4.
According to the director of CSDI's commodity market settlement department, Mostafa Ghasempour, the one-year parallel Salam standards contracts had been issued last year by the Ministry of Economy and Financial Affairs with the offer value of 25 trillion rials.
He added after the application of the embedded call option rate, CSDI collected nearly 30 trillion rials from the issuer and deposited both the value and the proceedings of the contracts to their beneficial owners' accounts, respectively.
Director of CSDI's commodity market settlement department also noted since the beginning of the current Persian calendar year, which began on March 20, 2020, over 66 trillion rials have been paid to the holders of parallel Salam contracts issued and offered on Iran Mercantile Exchange and Iran Energy Exchange.
Release Date: 2020-10-06