Transcript Misr for Central Clearing, Depository & Registry – MCDR
Misr for Central Clearing, Depository & Registry – MCDR Current Status
Mohamed Abdel Salam Chairman & Managing Director Marrakech October 21- 23, 2009
MCDR Main Activities Central Registry Shareholders Records Corporate Actions Reports Issue Services Restructuring SGF Central Depository Central Depository Transfer of Ownership Securities Pledge Clearing & Settlement Inheritance
MCDR New Activities ETFs Exchange Traded Funds
• Initial Size EGP 100 m • Listed at EGX • An EGX30 tracker • Short sell, margin trading, intra day trading are all applicable • Creation & redemption in the primary market • Settles trades in the secondary market
EDRs Egyptian Depository Receipts
• MCDR acts as both depository bank and settlement agency • Orascom Development Holding is the first EDR • SIS is MCDR counterparty at the issuing country • MCDR establishes new EDR system