‎Muqassa, Edaa approve amended cash market clearing, depository centre procedures


Tadawul purchasing and selling show

The Securities Clearing Centre Co. (Muqassa) and the Securities Depository Heart Co. (Edaa) issued board decisions dated Could well maybe also 24, 2022, approving the amended cash market clearing and depository centre procedures, in keeping with a bourse submitting.

These amendments would comprise changing the intended settlement date (ISD) for the failed transactions from two to eight commercial days, when Muqassa will originate the money substitution assignment.

Therefore, market participants can possess longer time to make your mind up on securities during the optionally available make a selection-in board. They’ll moreover obtain securities from the principle market and possess trades settled earlier to the essential make a selection-in choice is activated in 5 commercial days from ISD.

These procedures shall be efficient as of Aug. 7, 2022.