Misr for Central Clearing, Depository and Registry
Future Outlook
In 2018 the EBRD will update its local capital markets development strategy, setting targets for years to come. Cooperation with capital market associations and other international partners will continue to be one of the strategic priorities.
In Europe, the EU Capital Markets Union initiative is expected to have a major positive impact on financial markets and broader economies in terms of enhanced access to finance and movement of money. The EBRD is supporting this initiative as implementer of several advisory projects as well as an investor in specific instruments such as equities and bonds.
Mohamed Abdel Salam
Chairman and Managing Director
About Misr for Central Clearing, Depository and Registry
Established: August 1994
Chairman & Managing Director: Mr. Mohamed Abdel Salam
Address: 70 ElGomhorya St., Downtown, Cairo, Egypt
Contact name: Riham Gamal
Email: [email protected]
Website: www.mcsd.com.eg
Federation of Euro-Asian Stock Exchanges
Company Overview
On August 1994 the Egyptian Company for Clearing, Settlement and Central Depository was established . The main purpose was to carry out the clearing and settlement activity of securities transactions on the Stock Exchange and the application of the system of central possession of securities. The company started to practice its actual activity on 1/10/1996. On the other hand, the company is responsible for completing the transfer of ownership of the buying and selling operations carried out in Stock Exchange The transfer of ownership of securities is made on the principle of delivery versus payment (DVP).
The company performed its work for nearly four years until the issuance of a law of its own which puts it in a proper legal framework and makes it work through legal legal drafting, the Central Depository and Registration Law No. 93 of 2000.
The law also allows the company to participate in any way in the activities that cooperate in the performance of its work in Egypt and abroad.
The Company's name was amended in August 2001 to Misr Clearing, Settlement and Central Depository Company. The Company's General Assembly decided in June 2005 to amend the name of the company to become the Egyptian Clearing, Depository and Central Depository Company.
The capital structure of the company has been amended in accordance with Article 37 of the above law. The company is owned by its members and beneficiaries in a way that suits the size of their transactions with them.
MCDR Chairman will chair the WFC from April 2019 till April 2021
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