Misr for Central Clearing, Depository and Registry
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
The Federation of Euro-Asian Stock Exchanges
Company Overview
Misr Company for Central Clearing, Depository and Registry is the sole Egyptian CSD providing clearing and settlement services to Cairo and Alexandria stock exchanges - EGX. MCDR operates both the depository and the clearinghouse. It is a not for-profit private company owned by the Exchange, local banks and its participants. It was incorporated under the Capital Market Law No 95 of 1992, commenced operations in October 1996 and is currently governed by the Depository and Central Registry Law No 93 of 2000. The Financial Regulatory Authority – FRA is the regulator.
Securities in the depository are held in certificated form. Equities are held via book-entry, with certificates immobilized in MCDR's vaults. All securities are treated as fungible and may be transferred or pledged by bookkeeping entry without actual physical delivery.
Use of the central depository in the market for settlement and safekeeping is compulsory by law.
MCDR’s authorized capital is 1 billion, EGP issued and paid capital is 346.5 million EGP.
MCDR is committed to continually investing in its infrastructure. Major infrastructure initiatives currently underway include the new securities lending system, digital signature system and a new rights processing/handling system.
50
About Company
Established: August 1994
Chairman & Managing Director: Mr. Alaa Amer
Address: 70 ElGomhorya St., Downtown, Cairo, Egypt
Working hours: 08:30 - 16:30
Contact name: Riham Gamal
Email: [email protected]
Website: www.mcsd.com.eg
- Joined FEAS in 2008 -
Mr. Alaa Amer
Chairman &
Managing Director