What is Misr for Central Clearing, Depository and Registry?
Misr for Central Clearing, Depository and Registry (MCDR) is a private company, which handles the clearing and settlement operations as well as acting as the Central Depository for all securities in Egypt. The main shareholders of MCDR are EGX, banks and member firms. Since MCDR was established in October 1996, the securities market in Egypt moved toward a completely dematerialized environment, in which physical stocks are no longer existent. Dematerialization has several advantages including: avoiding the inconvenience of carrying documents, eliminating the danger of losing securities either by thrift or any damage, eliminating the risks associated with securities being lost or faked, simplifying the trading process as securities become easily transferred through the book entries or accounts of member firms at the Depository, having in place a safe and electronic way for distributing dividends and other corporate actions of listed companies. To learn more information about MCDR, pleas
