Does the SDC provide fund transfers in conjunction with securities transfers?
Yes, the SDC transfers funds in conjunction with securities transfers. The financial settlement is executed through the SDC by bank transfers from the brokers' accounts to the SDC settlement account at the Settlement Bank (Central Bank of Jordan). Consequently, the SDC transfers these amounts to the bank accounts of the brokers who should receive those funds in conjunction with securities transfers from the seller's account maintained by the selling broker to the buyer's account maintained by the buying broker.
FAQS Taxonomy