The PEX signed an agreement with the Palestine Monetary Authority (PMA) where cash settlement of trading transactions will be executed via the PMA as of March 2013.

Monday, 10 June 2013

Accordingly, the Clearing Depository and Settlement Department (CDS) of the PEX has become an indirect member of the Real Time Gross Settlement (RTGS) system at the PMA. This development corresponds with the international best practices and recommendations of International Organization of Securities Commissions (IOSCO). (Note: Cash settlement of trading transactions for the past 16 years was done via the Arab Bank.)