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Article (2)

A. The following words and expressions in these directives shall have the meanings assigned to them hereunder, unless otherwise indicated by context.

JSC

Jordan Securities Commission.

ASE

Amman Stock Exchange 

CEO

Chief Executive Officer of the ASE 

ETS

The ASE electronic trading system

 ITS Internet Trading Service, which is provided by the Broker to its client, in order to allow him to enter buying and selling orders and follow them by himself through the Internet by using a special program

Program

The  special program, which is approved by the ASE, for the Internet trading purposes.

Broker

A legal person licensed by the JSC to do the work of a financial Broker and authorized to offer the ITS. 

Certified Broker

A natural person certified by the JSC to perform financial brokerage work.

Settlement

The process by which a trading contract is completed with the final, unconditional transfer of securities from the seller to the buyer and the final settlement of price payments in their respect.

 

B. The words and expressions not construed in these directives shall have the meanings assigned to them in the "Directives of Trading with Securities at the Amman Stock Exchange'', unless otherwise indicated by context.