As part of the  SDC’s efforts to apply the international standards and best practices in the capital market, and to be able to perform the tasks assigned to it by virtue of the Securities Law no. (76) of 2002 in securities registration, deposit, safekeeping, transfer of ownership and clearing and settlement, and to achieve its goals including enhance the confidence of investors in securities and enable them to follow-up their investments with ease by establishing a central registry to safe-keep the ownership of securities, and reduce risks related to settlement of trading transactions executed through the market, and to develop the performance of the SDC’s clearing and settlement system and apply the best practices in the settlement field, the SDC’s acting CEO, Mr. Khalil Naser, has announced that the SDC has joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT), where the SDC will be receiving and sending money transfers of the securities settlement using the latest means of connecting and exchanging messages and information with all banks through the SWIFT system as of Tuesday morning May 26, 2015.

It is worth mentioning that joining the Society for Worldwide Interbank Financial Telecommunication (SWIFT) opens the horizons for the SDC to provide new qualitative services.