Instrument in Support of Trade Exchanges

INSTEX SAS
Company typeSociété par actions simplifiée
IndustryClearing house
Founded31 January 2019 (2019-01-31)
Headquarters
Paris
,
France
Key people
Per Fischer
(managing director)
Sir Simon McDonald
(chairman of the supervisory board)
Miguel Berger
(member of the supervisory board)
Maurice Gourdault-Montagne
(member of the supervisory board)
Owner
Websiteinstex-europe.com

The Instrument in Support of Trade Exchanges (INSTEX) was a European special-purpose vehicle (SPV) established on 31 January 2019 and liquidated in March 2023. Its stated mission was to facilitate non-USD and non-SWIFT transactions with Iran to avoid breaking U.S. sanctions.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.