About Company
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
Year in review
74
75
Established: August 1994
Address: 70 ElGomhorya St., Downtown,
Cairo, Egypt
Working hours: 08:30 - 16:30
Contact person: Nevine Taher
Email: [email protected]
Website: www.mcsd.com.eg
- Joined FEAS in 2008 -
Hesham Mabrouk
Managing Director
Misr for Central Clearing, Depository and Registry (MCDR) was established in 1994 according to the provisions of the Capital Market law # 95 of 1992 in line with the framework of the programs adopted by the Capital Market Authority (CMA) for developing the capital market mechanisms and applying the central depository system.
Following the establishment of MCDR, the Central Depository and Registry Law was issued in 2000 in order to regulate the company's activities and to establish the relevant legal framework to enable MCDR to add new activities and become a self-Regulatory Organization.
The main objectives of establishing MCDR are to apply the central depository system, to impact central registry of securities traded in the Egyptian capital market and to facilitate securities trading on dematerialized shares.
In addition, MCDR aims to take on clearing and settlement on securities traded in the capital market whilst applying the Delivery versus Payment system.
The operation and settlement efficiency and its determination to maintain the highest standard of services provided to the Egyptian market along with its well-established risk management and governance framework has led MCDR to be one of the most significant central registry firms among the emerging market.
As a result, MCDR received an A+ (Low Risk) representing an overall rating outlook Stable by Thomas Murray; the leading provider of risk assessment and analytics on Global Capital Markets, Financial Counterparties and Central Securities Depositories (CSDs).
MCDR remains committed to the laws and regulations in providing highest quality of services with efficiency and effectiveness, in its aim to sustain the stability and information
security in order to encourage the investment environment, whilst coping with continuous progress in Fin-Teck mechanisms worldwide.
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