Tight Coupling - Central Bank

Based on the SDC’s endeavor to implement international standards and best practices in the settlement field, and in order to develop the performance of the electronic clearing and settlement system, the SDC has developed the mechanism of electronic receipt and payment for the settlement of securities prices through joining the Society for Worldwide Interbank Financial Telecommunication (SWIFT) where the channel belonging to the SDC was activated “SEDCJOAX”. The SDC has become a direct member of the Real Time Gross Settlement System - Jordan (RTGS-JO)

This was done by linking the SDC’s electronic system with the Real Time Gross Settlements System (RTGS) through the global SWIFT network in order to receive and send remittances for settling securities prices using the latest means in the field of linking and exchanging messages and information with all banks (MX messages – ISO 20022).