Bond Market
See also: Money and Credit Council and Iranian RialThe Central Bank must obtain approval from the Majlis in order to issue participation papers. As at 2012, regulations for fixed income instruments oblige that a market maker always buys back the papers from the sellers in the secondary market at par value if there are no other buyers present.
Read more about this topic: Banking And Insurance In Iran
Famous quotes containing the words bond and/or market:
“It may comfort you to know that if your child reaches the age of eleven or twelve and you have a good bond or relationship, no matter how dramatic adolescence becomes, you children will probably turn out all right and want some form of connection to you in adulthood.”
—Charlotte Davis Kasl (20th century)
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)