Hakam AL-Taher

Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
 Prepares asset, liability, and capital account entries by compiling and analyzing account information.
 Prepares payments by verifying documentation, and requesting disbursements.
 Substantiates financial transactions by auditing documents.
 Exchange payrolls and wages of the Company's employees and all compensation and rewards issued under fundamentalist decisions

Supervision of all operations related to brokers at the center and good completion of the Clearing and Settlement of the operations carried out in the market and charging a commission. Also the supervision of the settlements for the block trades.

Duties & Responsibilities

• Supervision of the Clearing and Settlement process of securities.
• Supervision of charging the trading commissions.
• Supervision of opening trading accounts with brokers.
• Supervision of opening accounts on behalf of others (Mandate of Compulsory, Guardianship......).
• Supervision of transfers made through intermediaries.
• Supervision of providing investors with proprietary notices upon request.
• Supervision of the Membership Application Process for the brokerage & financial services firms in the center.
• Supervision of the collection of membership fees and annual membership subscriptions for the brokerage & financial services firms.
• Reporting on financial intermediation services firms and ensuring their compliance with the laws and regulations of the center.
• Recommend to prevent a broker from trading in the event of violation of the laws and regulations.
• Recommend to return a broker for trading.
• Supervision of the reports sent and received from the Settlement Bank.
• Supervision of execution of the huge settlement transactions.
• Reporting on the status of the accounts of intermediaries to the Director of the Center on a regular basis.
• Supervision of archiving all the documents related to the department (Investors' accounts, Transfers to the mediators, The Settlement reports....).

• Executing and handling the tasks and responsibilities entrusted to me by the director of the Settlement Guarantee Fund.
• Follow-up the calculation of technical contributions for members according to the standard calculation mechanisms.
• Follow-up the calculation of bank guarantees for members according to the standard calculation mechanisms.
• Reporting the results as calculated by cash contributions and bank guarantees to the Fund Manager, in accordance with the approved time periods for each.
• Coordination with the Clearing Center and Central Depository to ensure financial settlements for all the members.
• Supervision (administratively and technically) of all the employees within the scope of supervision.
• Developing policies and procedures to ensure the work cycle optimally.
• Coordination with the Directorate of Information Technology to develop the Fund Electronic System based on the work requirements.
• Contact with all the relevant authorities which has business relationships with the Fund.
• Signing all the technical transactions within my authority.
• Exercise all the authorities conferred upon me by the Fund Director within the limits of jurisdiction.

Perform all operations related to the brokers in addition to the execution of the process clearing and settlement process of trading contracts executed in Damascus Securities Exchange

Duties & Responsibilities

• Transfer of ownership of securities traded in the market and the settlement of their price.
• Auditing processes for opening trading accounts with brokers.
• Linking deputies of others (Compulsory Guardian, Permanent Guardian, Temporary Guardian, and Trustee) with the Electronic System after the approval of the CEO.
• Linking the Authorities with the Electronic System after approval of CEO.
• Audit transfers made through intermediaries.
• Deliver proprietary notifications to the investors upon request.
• Follow-up sent and received reports with the Settlement Bank on transactions executed at the expense of the settlement.
• Checking mega deals and executes their own settlement.
• Preparing the requirements & procedures and ensure the completion of the necessary documents in order to join the service companies and brokerage members of the center.
• Archive all documents relating to the department duties (Investors' Accounts, Transfers among brokers, Settlement Reports, Authorities, Legitimate Permission, Guardianship, and Commercial Registrations relating to opening accounts for VIPs....).

• Preparing requirements and procedures and ensure the completion of the necessary documents in order to join the shareholding companies members of the center.
• Registration of securities of listed companies.
• Securities Depository at the center.
• Follow-up the non-deposited stock until they are deposited.
• Execute the corporate procedures for the deposited securities.
• Execution the transfer of ownership of securities operations which are excluded from trading in the market (Family Transfers, Inheritance Transfers, Legacy ...).
• Preparing reports related to the services provided by the center for the listed shareholding companies.
• Archive all documents related to the department (memberships, corporate actions, operations excluded from trading...