STFI

Europe should pre-purchase Iran’s oil through INSTEX first: CBI chief

The governor of the Central Bank of Iran (CBI) has said that the Europeans should show their sincerity about their Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran’s crude.

Financial Markets

INSTEX to renew management, services to fast-track Iran transactions: Report

In a push to process transactions more quickly, INSTEX is rolling out a new factoring service for European exporters. The company is also making new hires that will enable it to expand operations in the coming year.

Financial Markets

INSTEX operational, needs oil sales revenues as capital: Iran

Deputy Foreign Minister Abbas Araqchi says the European financial mechanism has political value but that it needs to meet Iran’s needs to be a fruitful solution.

Financial Markets

STFI, INSTEX being tested: CEO

President of the Iranian payment channel as well as the European special trade vehicle with Iran are being tested by both sides in a bid to pave the way for their first transactions.

Financial Markets

Europeans plan to inject capital into INSTEX: Report

Three European signatories to the nuclear deal of 2015, Germany, France and the UK, are expected to inject capital into INSTEX to open credit lines for European companies that are interested in doing business with Iran.

Financial Markets

INSTEX President Per Fischer in Iran for talks on Iran-Europe trade

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran for a second time in a bid to iron out the details of the financial mechanism.

Financial Markets

Iran to ‘soon’ sign MoUs with INSTEX stakeholders to start first trade exchanges

The Export Guarantee Fund of Iran (EGFI) says the MoUs will facilitate the transaction of first financial dealings between Iran and Europe within INSTEX and its Iranian counterparty STFI.

Trade

STFI, INSTEX keen on conducting pilot trade exchange: CEO

The two Iranian and European companies are laying the groundwork for realising the first financial transaction months after they were created.

Trade

Iran urges European oil purchase, credit lines within INSTEX

Central Bank of Iran (CBI) says Europe should stop accusing Iran of not setting up INSTEX mirror company and start action by buying Iranian crude and giving credit line to European exporters for starting trade with Iran.

Financial Markets

Iran registers INSTEX mirror company for trade with Europe

The move comes several days when the Central Bank of Iran had announced it would unveils the mechanism soon after INSTEX President Per Fishcer held talks with Iranian stakeholders in Tehran. The channel has been called Instrument for Finance and Trade between Iran and Europe.

Financial Markets