Islamic T-bills to cut the rope with Korean market!
CSDI confirms that as the first step there will be T-bills to offer on Korean exchange following by Sukuk and other Iranian debt instruments next. Recently visited the KSD, the Iranian delegation of 9 highly ranked capital market officers, decided for the two nation’s debt markets to get close first. Negotiable commission rate is next on the list to be considered after initial stage. Two parties agreed on settlement processes and reporting schemes. “We are going to address the concerns amid Korean investors regarding the mutual custodian services to be provided and T-Bills rating by credible international institutes.