What function does the SDC perform?
The SDC is the only entity in Jordan that is legally empowered by the virtue of Securities Law No. (18) of 2017 to oversee the following responsibilities
- Registration of securities
- Deposit of securities
- Transfer of ownership and safekeeping of securities
- Clearance and settlement of securities transaction
The SDC is one of the major institutions in the Jordan Capital Market as it holds the ownership registers of all issued shares along with a central settlement process for the trading contracts executed in the Amman Stock Exchange (ASE). In addition, the SDC is the National Numbering Agency in Jordan authorized by the Association of National Numbering Agencies (ANNA) and the Jordan Securities Commission (JSC) for allocating ISIN and CFI for financial instruments issued in Jordan.
FAQS Taxonomy