Date: 22/08/2008

SCORPIO system sets regional benchmark

Securities Depository Center (SDC) plays a leading role in Jordanian Capital Market (JCM). Indeed, the JCM has averaged 70% growth over the past three years, firmly establishing itself as the one of the most successful capital markets in the Middle East.

Underpinning its success is the constant drive to exceed international standards both in its regulatory frame work and compliance, and in its supporting technology. In both these instances, SDC plays a pivotal role.

The ‘Securities Central Operation Registry Processing & Information Online’ (SCORPIO), an SDC-designed and implemented bilingual system provides a complete solution for the registration, deposit, safe-keeping and transfer of securities ownership. Enabling users to connect remotely, SCORPIO allows for real-time data verification, and uploading and downloading throughout the country.

SCORPIO has been integrated within the framework of SDC to operate as the heart of all its daily operations; providing its staff, members, investors and shareholders with support at every level.

The system has proven to be a success among global investors as well as a regional model. CEO Samir Jaradat says, “There are 107 nationalities in the investor database. This shows that investors have confidence in JCM and its institutions.”