Edaa Announces the Launch of OTC Settlement for Listed Debt Instruments
The Securities Depository Center Company (Edaa) is pleased to announce the launch of the OTC Settlement Service for listed debt instruments, effective May 1, 2025. This service enables investors, through their custodians, to settle listed debt instruments using the Delivery versus Payment (DvP) mechanism. Settlement is conducted bilaterally between counterparties, outside of the Exchange.
The OTC Settlement framework represents a significant step toward enhancing the accessibility of the Saudi debt market, streamlining the settlement process, and broadening investment opportunities. This initiative reflects Edaa’s commitment to the continued development of the Saudi debt market.