MCDR witnessed unprecedented growth since its inception in 1994. Its members reached 259, out of which are 142 brokerage firms, 62 custodians, 48 direct settlement membersand 7 registered owners. In 2023, the number of participants (issuer companies) has risen to 20,891 with a slight increase of 9.7 percent compared to the year 2022.
MCDR offerings that the members benefit from are comprised of Depository and Registrar services in addition to other complementary services such as Lending and Borrowing of securities, Pledge of securities, Certificate of authorization, Swift, Statement of Account.
The market value of the deposited securities was EGP 3.2 Trillion, USD 22.7 Billion, CHF 511 Million, Euros 117 Million, Sterling 300,000 and Kuwaiti Dinar 3.4 Million for securities issued with foreign currency.
The company’s settlement system in 2023 executed 21.8 million transactions with a total value of EGP 817.4 Billion and US Dollar 643.8 million with decrease 22% for EGP and decrease 82% for US Dollar in the value of transactions compared to 2022. Settlement risk is controlled by MCDR’s Settlement Guarantee Fund.
On the other hand, the Central Registry services saw an increase of 16.34% compared to 2022 through the conducting of 4,429 corporate actions on the behalf of the issuer companies in 2023 with moreover, the dividend & interest payments done through the company in 2023 reached 653 billion EGP, with an decrease of 1.6% compared to 2022.
Furthermore, the company realized a steady offering of the e-signature services as a certificate of authorization whereby it issued 39,538 new certificates to increase customer base by extra 80% creating stable revenue of 65.5 million EGP, with an increase of 37% in certificate issuance and 4.5% for the issuance and the revenue respectively compared to 2022.
With it upholding its commitment to laws, regulations in providing high quality services with efficiency and effectiveness, MCDR continues to support the market’s needs by keeping its operational systems up-to-date and adopting new ones to cope with global technological advancements.
Yearbook 2023