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Unveiling the New Payment System

Dr. Majid Eshghi, the SEO Chairman, unveiled the "Pars Group Payment System".

 

Dr. Majid Eshghi, the SEO Chairman, unveiled the "Pars Group Payment System". In the inauguration ceremony, he said: “In recent years, we faced rapid changes and increased number of capital market shareholders to almost 60 million”. Upgrading the existing infrastructure is a necessity, therefore, a new system designed to integrate profit sharing between shareholders will solve this problem.

 

He stressed on the importance of cash dividends payment to shareholders, hence, based on current year’s Budget Bill, cash dividends will be paid centrally through the SEJAM system only.

 

Mechanized implementation of group payment, elimination of manual processes, reduction of settlement risk, submission of integrated reports by each symbol, increasing the quality of the payment process, the possibility of paying multiple lists in single day, and reducing commissions are among the most important advantages and features of this new system.