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To become a member of Edaa, you must meet the relevant requirements for your category.
To become a custody member, you must be licensed by the Capital Market Authority of Saudi Arabia.
Refer to the CMA - Authorized Persons Regulations
To become a settlement member, you must be a participating member in Saudi Arabian Riyal Interbank Express (SARIE).
Refer to the Saudi Arabian Monetary Authority (SAMA) Regulations
Assuming you meet these requirements, Edaa will appoint a Relationship Officer who will assist you through the application process.
Applicants will need to provide the following documentation:
Custody Member
Settlement Member
Development and testing address a members’ connectivity between their proprietary systems and/or any other applications or interfaces that require connection to Edaa’s technology infrastructure.
Edaa will provide training to new members on the Depository System (DSS) allowing new members to test operational scenarios and ensure their readiness for final certification.
“Edaa” provides a fully functional test environment that enables a new member to prepare and test all their applications and connections.
Following the completion of business and technical requirements, Edaa will undertake the following:
With the steps above completed, you are now an official Edaa member and can enjoy Edaa’s state-of-the-art technology and innovative services. To find out more or start your application process, get in touch with our experts.
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