SDC Accepted as a Member in ANNA
Date: 13/06/2004
The Securities Depository Center of Jordan (SDC)
participated in the Annual General Assembly Meeting of the Association
of National Numbering Agencies (ANNA) held in Oslo between 3 – 5 of
June.
More than 60 countries participated in the meeting, in which the SDC was
accepted as a member in ANNA. The SDC was also appointed as an agent
for the Association in the Middle East. ANNA was established in the year
1992 and its members include institutions related to securities
numbering.
The SDC’s Chief Executive Officer, Mr. Samir Jaradat said that the
acceptance of the SDC’s membership comes as a result of the efforts of
the Jordan Capital Market, which has become a model in the Middle East
Region.
Jaradat also stated that the SDC works effectively, efficiently, and
complies with international standards. This has placed the SDC alongside
the World’s top central depositories.
The SDC also met with officials at the Norwegian Central Securities
Depository (VPS) in Oslo, where issues of mutual interest were discussed
including securities’ lending and borrowing for settlement purposes.
The cash dividend system was viewed as well.
The participants were briefed on the Jordanian experience in building the Securities Depository.