The Federation of Euro-Asian Capital Markets
About Company
Misr for Central Clearing, Depository and Registry
Year in review
Established: August 1994
Address: 70 ElGomhorya St., Downtown,
Cairo, Egypt
Working hours: 08:30 - 16:30
Contact person: Nevine Taher
Email: nevine.taher@mcsd.com.eg
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 securities’ depository system, central registry of securities traded in the Egyptian capital market and to facilitate securities trading on dematerialized shares.
In addition, MCDR applies clearing, and settlement of 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, regulations and industry principles and best practices in providing its services with the highest quality, efficiency and effectiveness, in its aim to maintain sustainability, stability and information security in order to encourage investment in the capital market environment, whilst coping with the continuous progress in Fin-Teck mechanisms worldwide.
MCDR witnessed unprecedented growth since its inception in 1994. Its members reached 255, out of which are 138 brokerage firms, 62 custodians, 48 direct settlement members and 7 registered owners.