Liquidity Farsi

8/18/2019 Liquidity Farsi

1/54


2/54


3/54

!" #$ %&'(#)*+, -.&/0"/12(

%/34/" 5+6%&7+$ %8

!"#!$ %&'()&* +,-./ 0(12 3-* 4&5)&6 4!-7-./ 899.:((;&"*


4/54

>-?&,@2

&'#"$ ( )*+*, &-.'#/+*0#-12+."34+25 &6 0*.(3478394:;-1-2 ?'*&@79"0*

A"*7B CD". +%38+2&E$7


5/54

:&P5 M6G"QR

3 " #$%:S-TUH ;GVK= = DL'

7 & ' #$%:!"#!$ %&'()&* &* 4W X&AH( = ()&* 82L$!NLT$

11 &() #$%:S-TUH %&' +,Q&K

39 &*+,- #$%:%G-2 +Y-,$ = +FZ[

43 .)(/01:S-TUH 4&2L\'; ]6&?

44 .)(/02:^"5 %&'&5W

49 .)(/03:_*&\5


6/54


7/54

*(,1(2 3+4*"5+6 7892(:9;2


8/54

!(,1(2 3+4*"5+6 7892(:9;2 *%Z%78.7m7"S&p;N ?'* +% |H- %+7" O#B+#bX+ =6+#Y"+*0#- )#(3JJ6 j+*%* 2

j#qJ-&6 =$* )#45 t$7


9/54

" *(,1(2 3+4*"5+6 7892(:9;2 2 OT7uH"_;9H


10/54


11/54

# *(,1(2 3+4*"5+6 7892(:9;2 1%#DJY;Z

[2X=$*.&-q'% O+#!B394 +*0#- •' +% S


12/54

$(,1(2 3+4*"5+6 7892(:9;2


13/54

% *(,1(2 3+4*"5+6 7892(:9;2 #$1#/%+*34#b$* 2 +*0#- j3; , .


14/54

&'(,1(2 3+4*"5+6 7892(:9;2 #$1*-n,N- +*,(;f#


15/54

&& *(,1(2 3+4*"5+6 7892(:9;2 *% # @#>#4 3;@7


16/54

&((,1(2 3+4*"5+6 7892(:9;2


17/54

& *(,1(2 3+4*"5+6 7892(:9;2 :d-+%:94.$#$* 1#/*3"1.(3478394 - =@2% +% + +3J" ]#D$ # >#8 . J/ . J$3 f*

.zJ"=$* &b8*% .

•&'#"$ o;6


18/54

&!(,1(2 3+4*"5+6 7892(:9;2 0*

g23JW% +*Q=$* j%*.

2.;()W =&\N O&"6 4(1-5

]7CB '#!'9-. m2 &- &V 1 G" ?'*7 =$* j38 j3/#Y" .4#"2+ 2 )#bGD@ +% { .2+ ?'* 0*3N )*^;" AQ*

1. Morgan Stanley Capital International (MSCI)

2.FTSE: X 2 %+*% +*Q )3J@ l+7- 2 ̂ C'#


19/54

&" *(,1(2 3+4*"5+6 7892(:9;2 _N]#D$3 2^;4g23JWl+7- +% &V"#E" A-#Q 1#/oK7"

* p$ :'*^X*]#D$+2#J8j38 o; 0


20/54

&)(,1(2 3+4*"5+6 7892(:9;2 )*q'

=$* 1q'% LD" A"#B&6 -+*0#- .(3478394%+*% =! ! " f*.&p$*2 +7xN2 .K+#> )*( ;Z# 3"

)5 &6 )*q'0#- %*3E 10#$%*05 &p$*2 O#"1( 1^@#" +% j%7- =$*.1^@#"

&p$*2 =EJW %7K2 &6 =$* &bX#'+%3N # .VVC@*.

+#Di* - #J-" $#ZS)#(3J/%i#4 O#"#9" /+*0#- # .K+#> )*q'0#- :'*^X* +7wJ" &-10#$%*05 &- 12+ 07M" 1#pB* ]#w4j%+25 34*.."#C


21/54

*(,1(2 3+4*"5+6 7892(:9;2 2 OT7uH" &E$7


22/54

&$(,1(2 3+4*"5+6 7892(:9;2 1R- S2^K )*+*,( . #/+7Y6 &V"#E" )#a"* 1*+ .b4bJ'*

j%+25 L/*X ^;434*.&V"#E" +%1.b4bJ'* S&'#"$ #4#6 _'` 0* )*+*,( a@* .`#!


23/54

&% *(,1(2 3+4*"5+6 7892(:9;2 - +% A-#9" +%.$+- %+7" 1#/+7Y6 SjD-0* 1;( 4bJ'* OP"#E" j3CB ;f#


24/54

('(,1(2 3+4*"5+6 7892(:9;2 - OP"#E" =-#Q+

[2+&J'^/ :/#6 OP"#E" .bJ$ 1#/%+*% .Z +% *+ . )*+*,( *,@O#"*3Q*

]#M4*&bX( #- v#!* X*:'*̂ 10#$%*05 S#!9b$* %+7" ?'* 3'38&'#"$&bX( +*Q )*+*,(

=$*.

.1Financial Sector Master Plan (FSMP):1^@#" *+#(#4 •4#- O+#w4 =H


25/54

(& *(,1(2 3+4*"5+6 7892(:9;2 *%%+*% .#- j*C/h*%+#YX =H .#$

"e7Jb


26/54

(((,1(2 3+4*"5+6 7892(:9;2 * &6 %6 j+#8*&J'^/ " 1#/OP"#E _bY" 1#/+*^-* +*0#- +%+j%*% :/#6 *=$*.L/?;Jy

L;9bG" .$b$% &}*+* S#/+*0#- .>- +%_'` 0* " t>- OP"#E"&- MJ &p$*2 n,N2 1(

j#qJ- #- =-#Q+ :'*^X*_N :/#6 2 j38 1+*^(+#6 .bJ$ 1#/&CN^@*&J'^/ 2 #/%^"+#6 2 #/1#/

=$* &b8*% .Z +% *+ .'#D4.?;y 2 j6 ;w4 .'#/+*0#- +%+7` &- .(3478394 * p$ S&s'#


27/54

( *(,1(2 3+4*"5+6 7892(:9;2 )*+*^(+#6 OP"#E" 1#/S%78 3Jy /"* ?'*n3/

&;@2*1+*^(+#6 =EJW 10#$%*05 =$* j%7!4 .

&6 1%!/*+.")*7#$'01#/.#J8."3478:

•0* j%#zb$* )#a"*LbG;$n#pE4* . &-74 &- "*

&-O#G$r" #EX +*0#-." •C6 3J6 - *+ 3'3K O#"3> 2 OT7uH" &6 &- )29" .82+ #


28/54

(!(,1(2 3+4*"5+6 7892(:9;2 - S.=Ga42+7' # ! " 1*-2 &- %6+#6 ?'* )%2^X* #-

*+ %7> OP"#E" LMN =$* &bG4*7 G;" +*0#- )*q'0#- 0* 1 OP"#E" j3; , ;Z 1#/OP"#E"L6 .


29/54

(" *(,1(2 3+4*"5+6 7892(:9;2 1#/12+

j%+25 34*S3/#8=! ! " O*;f#


30/54

()(,1(2 3+4*"5+6 7892(:9;2 _N]#D$1%•G'+ :87Z 1#/+*^-* )*7JB &-

•]#D$ .


31/54

(# *(,1(2 3+4*"5+6 7892(:9;2


32/54

($(,1(2 3+4*"5+6 7892(:9;2


33/54

(% *(,1(2 3+4*"5+6 7892(:9;2 -#/+7Y6 &a!8 ^;4 1*- *+ .'#/

&'#"$ =6+#Y" A;DG


34/54

'(,1(2 3+4*"5+6 7892(:9;2 &- %7> 1+*.&- ! 6* n3/ ?'* &- .-#;b$% +7wJ"

i#4 O#"#9"&- ]*3Q*-1+*^( &"#4- 2 #/+#J;C$ .807"5 1#/&'#"$ 1*-)*+*,( j%6 34*.

12.f&CZF(;L\F- +% +%g23JW#- 1#/{` 2 .qbGY40&'#"$ 1#/1+*,( |B#- .ECK

LMN %2+2L;wB1#/+*0#- &- .qJ'394.V>*%=$* j38 .?'*O#NPW*?;Cx - &6 =$* .W7u>.qbGY40#- 1#/=H =!G4 2 )*'3" &- #/&p$*2+ +#> )*( g23JW 0* =$* ."* ?'*

O+#D" [bG( 2 _;CE


35/54

& *(,1(2 3+4*"5+6 7892(:9;2 *%=$* j3Y4 .g23JW =' ! 6* &6 =$* ?'* j38 6 / A'T% 0* .a'#/1

)5 )%23N75(%&'#"$ .K+#> +*%#D- g*+2* +%j%6 1+*,( 34*.

&-&'#"$ S.V6 +7`1R


36/54

((,1(2 3+4*"5+6 7892(:9;2 ='*3/ &- h


37/54

*(,1(2 3+4*"5+6 7892(:9;2


38/54

!(,1(2 3+4*"5+6 7892(:9;2


39/54

" *(,1(2 3+4*"5+6 7892(:9;2 -++*%342 &'#"$1+*,( )5 ]#D$ 12+ -%+*% .DK7 1#/

?;CxK(1Q(.O#B#$ :'*^X* #- =$* &bG4*7


40/54

)(,1(2 3+4*"5+6 7892(:9;2 O*+9" { [2X )#a"* )%+25 L/*X +7wJ"

=$* +*0#- +% ]#D$ .m*9b$*.=$* )5 0* .6#N )*7'#K(1Q( +* ;(!5 R9u( ; &')&6()&*L\\/ .)*+*3X`LbG;$10#$+*0#- 1#/.C$+&6 3439bE" OP"#E" +% A-#9b" =;EQ7" /#d


41/54

# *(,1(2 3+4*"5+6 7892(:9;2 - S%+*34 %7K2 . 3J/% ( )# ;w4

h 1#/+% )38 &bX',Z 1#'*^" 0*

3JbG;4 j#(5 l+7-2 &'#"$)*+*,( ^;4 .(R'2 0*•G'+ 1#/&'#"$ 1#/+*^-* j%0#- 21+*,(

34+*34 eP`*

%7>

.&p$*2

&b8,(

)5 0*j+2#Y"

O#"3>

)*( 1.C4

&}*+*

.!$#J"

3JJ6 .

! 6*1R.


42/54


43/54

% *(,1(2 3+4*"5+6 7892(:9;2 - .42^X* 02+ =;C/* 0* .=Gd4S)%7- L6

.(3478394&6 0* .a' .VW* W#JB&E$7.&-74 &- *+#6 +*0#-1%7>

)*8#4 F,K oK7")&-h#J8:;-

=68


44/54

!'(,1(2 3+4*"5+6 7892(:9;2 #EX )*+*,( ."%78*+ +*0#- .(3478394 #N ?;B +% S

%7!D- ̂ ;4."3Yd-%

•&}*+*1[2+ &J'^/ :/#6 1#/&6 OP"#E" 1#/4 :/#6 A"#8 ) 2 %^"+#6 2*3b" 1#/

&- O#;@#" V"#E" O#EX% %*3E .Z +% *+ +*%#D- g*+2* 1#m#9


45/54

!& *(,1(2 3+4*"5+6 7892(:9;2


46/54


47/54

! *(,1(2 3+4*"5+6 7892(:9;2 &G;}+ Oh;/

18-#;4*^4#


48/54

!!(,1(2 3+4*"5+6 7892(:9;2


49/54

!" *(,1(2 3+4*"5+6 7892(:9;2


50/54

!)(,1(2 3+4*"5+6 7892(:9;2


51/54

!# *(,1(2 3+4*"5+6 7892(:9;2


52/54

!$(,1(2 3+4*"5+6 7892(:9;2


53/54

!% *(,1(2 3+4*"5+6 7892(:9;2


54/54

"'(,1(2 3+4*"5+6 7892(:9;2

Liquidity Farsi

Documents

Transcript of Liquidity Farsi