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Effects of the electronic linking of banks on the Iraqi market for securities
Kirk Morgan
Jul 02|14:20 PM
News agency, Baghdad International / Ammar Hlbh said Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam, the market need to enter the electronic clearing in the work of government and private banks because of their positive effects on the movement of stocks in the Iraqi market for securities.
said Abdul Salam told the correspondent of news agency, Baghdad International said Thursday that the electronic link between the government and private banks and the branches will provide high liquidity to investors who trade shares of the stock market by linking bank clearing, which deals with private funds on the customer or brokerage firms.
He Abdel-Salam for his opinion that the speed of transmission of own money in the rates of buying or selling in the market will increase the process of trading and turnover of the stock will raise from the market signals.
and on the participation of private banks in the Iraqi market for securities, said Abdel-peace to include 19 private banks in the form of a joint stock company listed on the market is trading shares by the shareholders in sessions daily market, pointing to record in the center of the filing of Iraq, like any stock exchange other.
and never Abdul Salam market is ready to accept any Iraqi company you want to register in the market and trading in its condition of the discharge standards required by the market and which have their budgets annually reflect the final accounts for two complete without losses and to contain the shareholders not less than 100 shareholders, as well as possession of positive indicators in general.
and the number of meetings and Awaqatha said Salam to it five sessions per week starting from Sunday to Thursday start of each meeting of the ninth hour and a half the morning until two o'clock noon, indicating that the market can add 30 minutes of each meeting in case of big deals for the settlement of financial institutions and investors or between institutions with each other to circulate freely and the payment of financial obligations and to make those adjustments required, pointing out that such adjustments are yet to provide disclosure of those institutions of the market the day before the meeting or even in the day that is not possible, noting that such deals must be at least worth a minimum of 500 million dinars
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Kirk Morgan
Jul 02|14:20 PM
News agency, Baghdad International / Ammar Hlbh said Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam, the market need to enter the electronic clearing in the work of government and private banks because of their positive effects on the movement of stocks in the Iraqi market for securities.
said Abdul Salam told the correspondent of news agency, Baghdad International said Thursday that the electronic link between the government and private banks and the branches will provide high liquidity to investors who trade shares of the stock market by linking bank clearing, which deals with private funds on the customer or brokerage firms.
He Abdel-Salam for his opinion that the speed of transmission of own money in the rates of buying or selling in the market will increase the process of trading and turnover of the stock will raise from the market signals.
and on the participation of private banks in the Iraqi market for securities, said Abdel-peace to include 19 private banks in the form of a joint stock company listed on the market is trading shares by the shareholders in sessions daily market, pointing to record in the center of the filing of Iraq, like any stock exchange other.
and never Abdul Salam market is ready to accept any Iraqi company you want to register in the market and trading in its condition of the discharge standards required by the market and which have their budgets annually reflect the final accounts for two complete without losses and to contain the shareholders not less than 100 shareholders, as well as possession of positive indicators in general.
and the number of meetings and Awaqatha said Salam to it five sessions per week starting from Sunday to Thursday start of each meeting of the ninth hour and a half the morning until two o'clock noon, indicating that the market can add 30 minutes of each meeting in case of big deals for the settlement of financial institutions and investors or between institutions with each other to circulate freely and the payment of financial obligations and to make those adjustments required, pointing out that such adjustments are yet to provide disclosure of those institutions of the market the day before the meeting or even in the day that is not possible, noting that such deals must be at least worth a minimum of 500 million dinars
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