First mortgage securities registered in Azerbaijan
The State Committee on Securities at the Azerbaijani Presidents Apparat has registered the first securities, the Committee told Trend.
In compliance with the rules of the State Registration of mortgage securities the first mortgage securities emitted by Bank Standard has been registered in Azerbaijan. At present the preparations for registration of mortgage securities with three legal entities more is underway.
The mortgage securities certifies a pawnbrokers right on liability secured by mortgage liability. It is registered in one example, is a securities certifying the rights of legal owner and emitted by banks.