BUCE has accredited a new broker – Trade Capital-Invest (TC-Invest), which is a subsidiary of the Belarusian-Iranian holding company Trade Capital Bank (TC Bank).

TC-Invest plans to assist with execution of exchange transactions between economic entities of the Republic of Belarus and the Islamic Republic of Iran as well as other Middle Eastern countries. Provision of an effective trade financing and settlement mechanisms will be among the new broker’s primary objectives.

“Accreditation at BUCE is an important stage in the development of TC-Invest. We are focused on building reliable trade channels between our countries and forging sustainable partnerships for all participants of exchange transactions,” Zare Hadi, TC-Invest Director, noted.

“Trade Capital Bank is consistently improving the infrastructure for supporting foreign economic activity. I am confident that participation of our subsidiary in exchange trading will bolster financial support for export-import transactions and offer the market state-of-the-art settlement and financing instruments,” Serguei Khainovsski, Chairman of TC Bank Management Board, emphasized.

“BUCE is actively developing international cooperation, and the attraction of new professional trading participants, such as TC-Invest, contributes to the expansion of exchange trading geography and helps strengthen economic ties between Belarus and its partners around the world,” Olga Gorelik, BUCE Senior Vice Chairperson, said.

The strategic decision made by BUCE and TC Bank is aimed at expanding economic cooperation between Belarus and the Middle East countries, increasing transparency and security of trading operations, as well as developing export-import relations with the participation of Belarusian and Iranian enterprises.

Currently, 57 exchange brokers are accredited at BUCE, including 21 non-residents from 10 countries.