Digital financial assets (DFA) will help attract equity or debt financing for SMEs without a public credit history. This opinion was expressed by Konstantin Basmanov, vice-president of the PSB, at the XXVII International Economic Forum in Saint Petersburg.
“Existing instruments for issuing bonds or shares require a lot of work on the part of the issuer in the corporate culture, the emergence of a public story, which is why platforms appear on which entrepreneurs can receive financing without separate corporate governance requirements and issuance volume,” said Konstantin Basmanov, speaking at the session “Sustainable Partnership between Government and Business” within the framework of SPIEF.
In his words, digital platforms will allow companies to place up to 300-500 million rubles in DFA, with very small emissions, even for short periods of 1-2 years. “This is a growing market, where the interests of those who want to earn good income, attract additional investments and gain experience in public offerings converge,” says Konstantin Basmanov.
From the point of view of protecting the interests of all participants in a promising market, CFA PSB, together with Opora Russia, proposes to launch a mechanism for the formation of insurance funds and contributions to them, as an alternative to tightening the requirements for issuers in terms of risk assessment. The implementation of such an initiative is possible according to the scheme that currently regulates, for example, the liability of insurers. According to Konstantin Basmanov, this, on the one hand, will allow maintaining the flexibility and attractiveness of the site, on the other hand, it will balance the balance of interests of investors and issuers and open up new opportunities, primarily for growth. SME companies.
Press release provided by PJSC Promsvyazbank
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