Yes, the Securities Depository Center (SDC) and in cooperation with the Amman Stock Exchange (ASE) completed the procedures of electronic link between SDC's systems and trading system at the ASE on Sunday, March 22, 2009 through implementing electronic system called Central Control Module (CCM) that is feed with SDC's data in order to organize trading and reduce risks related to trade's transactions that in turn positively reflects on clearing and settlement process at the SDC and reduce risks in the Jordan Capital Market.

The SDC does not provide cash accounts, but brokers should open bank accounts in order to transfer the due amounts to the SDC settlement account at the Central Bank of Jordan. 

The SDC could distribute cash dividends or General Meeting Notices or Annual Reports to shareholders on behalf of the issuer according to an agreement with the related issuer. In addition, The SDC is offering improved online services through the SDC website as a continuous attempt to provide the highest level of services to investors and members.

Yes, the SDC transfers funds in conjunction with securities transfers. The financial settlement is executed through the SDC by bank transfers from the brokers' accounts to the SDC settlement account at the Central Bank of Jordan. Consequently, the SDC transfers these amounts to the bank accounts of the brokers who should recieve those funds in conjunction with securities transfers from the seller's account maintained by the selling broker to the buyer's account maintained by the buying broker.

In addition to the functions assigned to the SDC by the Securities Law No. (76) of 2002 which include registration, safe-keeping and securities ownership transfers, deposit securities and clearance and settlement of trades conducted through the market, the SDC is the central registry and securities depository for all securities issued in Jordan. The SDC is also the National Numbering Agency for all Jordanian securities and allocates ISIN codes according to the ISO Standards.

The SDC Board of Directors consists of the following:
1. Two members representing Brokers and Custodians.
2. Two members representing the rest of the SDC’s Members not included in (1) above and not licensed as Financial Brokers, Dealers or Custodians.
3. Three members of the private sector with experience in legal, financial and economic fields appointed by the Board.

The Securities Depository Center (SDC).

The SDC is a public utility entity by virtue of Article (76) of the Securities Law No.(76) of 2002.

At present, shares are the deposited instruments at the SDC.

The SDC's headquarters is located in Amman, Jordan at the following address:

Tel: +962 6 5672788

Fax: +962 6 5672590

Capital Market Building ـــ Al-Mansour Bin Abi Amer Street

Al-Abdali Area ـــ Al-Madina Al-Riyadiya District

Amman ـــ The Hashemite Kingdom of Jordan

P.O.Box. 212465

Amman 11121 Jordan

E-mail: info@sdc.com.jo

Time zone: (GMT+2) winter time, (GMT+3) summer time.

The SDC’s members are:

 • Public Shareholding Companies.

 • Public Issuers.

 • Brokers.

 • Custodians.

 • Any other entity specified by the Securities Commission.

The SDC is managed by a Board of Directors and the Chief Executive Officer.