IME Says Will Issue Salaf Contracts to Help Carmaker

The Iran Mercantile Exchange will for the first time issue 20 trillion rials ($465.1 million) in special auto standard salaf contracts to help fund auto manufacturers, an IME official said. 
"The contracts for 2,000 Cara vans will be offered next week and the funds will be used for financing Bahman Khodro, the producer of the vans," Rahman Arasteh, head of IME Derivatives Market, was quoted as saying by SENA on Tuesday. 
"The contracts will have 2-year maturity and can be traded in the secondary market the day after the first offering," Arasteh said. 
Standard salaf contracts are issued to help industries and businesses gain access to affordable funding, he said.