The Postponement of Financial Settlements

التاريخ

Ref. : 4726/2022
Date: 24/05/2022 

Memo No.
(34/2022)

Members of SDC of Brokers and Custodians

Dear General Manager,

Subject: The Postponement of Financial Settlements
 

Greetings,

First:  
Further to our memo no. (33/2022) dated 24/05/2022 regarding “Disrupting the Business of the SDC on the Occasion of the Anniversary of the Jordan Independence Day”. The prime minister decided that Thursday 26/05/2022 is an official holiday, in addition to ending the of official working hours on Wednesday 25/05/2022 at 2:00 pm. Therefore, please be informed that it was decided that the settlement dates would be as follows:
Trade Date Original Settlement Date Postponed Settlement Date
Tuesday 24/05/2022 Thursday 26/05/2022 Sunday 29/05/2022
Wednesday 25/05/2022 Sunday 29/05/2022 Monday 30/05/2022
Second:  
According to the provisions of Article (134) of the Registration, Deposit and Settlement of Securities Instructions of the year 2017, it was decided the following on Wednesday 25/05/2022:
  1. The period during which the custodians will either accept or reject the settlement contract according to the provisions of Article (71) of the Registration, Deposit and Settlement of Securities Instructions of the year 2017 is amended to become by 1:45 pm.
  2. The deadline set under the provisions of Article (79) of the Registration, Deposit and Settlement of Securities Instructions of the year 2017 regarding the notices issued by the SDC’s electronic system to the brokers and custodians for the payment of the amounts due on the settlement day shall be amended to become by 1:45 pm. These notices are final.
 
Kind Regards,

Sarah Tarawneh

Chief Executive Officer

Share