Date: 26/11/2025

As part of the Securities Depository Center (SDC) continuous efforts to enhance its operations and keep pace with market trends and securities-trading requirements—especially with the growing activity in corporate bonds designated for trading in the market—the SDC held a workshop on Wednesday, November 26, 2025, at 12:00 P.M. The workshop aimed to brief brokers and custodians on the project for implementing the settlement of traded corporate bond, including accrued interest, and to present the operational and technical mechanism through which the related financial settlements will be executed from all procedural and technical aspects.

The SDC has completed the development of the securities price settlement cycle in all its dimensions, including legislative, operational, and technical frameworks, supported by the SDC electronic systems. This development aims to incorporate traded corporate bonds within the scope of financial settlements executed by the SDC, in accordance with the 2017 Instructions for the Registration, Deposit, and Settlement of Securities. Under these instructions, the settlement of these instruments will include the seller’s accrued interest, following precise procedural and technical controls that ensure the reliability of the process, safeguard the rights of all concerned parties, and reduce the risks associated with such transactions comprehensively.

Subjecting traded corporate bonds to the SDC’s securities settlement operations represents a practical translation of the SDC vision to bring all market transactions under its settlement framework. This ensures that the settlement process covers all securities issuances and expands the SDC functional role to include all transactions related to these instruments. In addition to ownership transfer, the SDC will ensure the execution of price-settlement procedures in accordance with the Delivery Versus Payment (DVP) principle, thereby protecting the rights of all parties in line with international standard & best practices for the settlement of traded corporate bonds.

At the conclusion of the workshop, the Chief Executive Officer of SDC Ms. Sarah Al-Tarawneh stated that the SDC will activate the package of legislative amendments related to the development of the securities settlement cycle and launch the updated electronic systems, in preparation for the implementation of corporate bond price settlements—including interest—at the beginning of 2026.