In all societies, there is some group of owner’s funds and cash savings who don’t have any desire or ability to invest directly in profitable economic activities. On the other hand, many entrepreneurs with knowledge, experience and potential do not have the financial resources required for investment. Money and capital markets with using a variety of financial instruments, play a significant intermediary role between these two groups.
The main goals of Central Asset Management company are establishment and management SPVs, in order to facilitate the implementation of intermediary actions".
Central Asset Management Company in brief
Central AMC of Iran embarks on establishing SPVs (Limited Corporations) in order to use them with regard to the process of issuance of securities. In fact, Central Asset Management Company acts as a trustee that constantly reviews and comments on the consumption of funds, maintenance of accounts, financial statements, and performance of the issuer according to the signed contract in order to maintain the interests of the owners of securities and gain assurance about the accuracy of issuer's activities.Among other responsibilities of this corporation is to do all administrative, financial, managerial, legal and lawful responsibilities of an SPV, maintain the accounts and financial books of the institution and rejecting them after the end of the contract.