FEAS Yearbook FEAS Yearbook 2020 | Page 50

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.

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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