{"id":599318,"date":"2019-06-25T04:00:06","date_gmt":"2019-06-25T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/"},"modified":"2019-06-25T04:00:06","modified_gmt":"2019-06-25T04:00:06","slug":"euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/","title":{"rendered":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>EXCLUSIVE- Euroclear is in Egypt to wrap up procedures that will make EGP-denominated debt \u201ceuroclearable\u201d:<\/b> A delegation from <a href=\"https:\/\/www.euroclear.com\/en.html\">Euroclear<\/a> is currently in town to ensure Egyptian debt meets the technical requirements to make it clearable through the Belgium-based clearinghouse, two government officials tell Enterprise. The delegation sat down with Misr for Central Clearing, Depository and Registry (MCDR), and Central Bank of Egypt (CBE) representatives to discuss this \u201ctechnical alignment,\u201d one of the sources said. The first sovereign debt issuance that can be cleared through Euroclear is expected to take place in 4Q2019.<\/p>\n<p><b>The volumes we\u2019re talking about are significant:<\/b> The Finance Ministry will be looking to eventually have EGP 1.4 tn-worth of treasuries and EGP 1.1 tn-worth of government bonds eligible to move through the clearinghouse.<\/p>\n<p><b>Both domestic and foreign investors are queuing up for EGP-denominated debt instruments<\/b>, the second government official tells us. Egyptian banks are the largest local creditor, with holdings north of EGP 350 bn. Holdings by foreign investors, meanwhile, broke the USD 17 bn (c. EGP 290 bn) mark for the first time, CBE board member Fakhry El Fekky <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/19\/foreign-holdings-in-egypt-debt-rise-to-usd-17-6-bn\/\">told us last week<\/a>. The EGP has been <a href=\"https:\/\/enterprise.press\/issues\/2019\/06\/23\/egypt-receive-usd-9-bn-investment-trumps-mideast-peace-plan\/#tldr-story-06\">one of the best performing<\/a> so-called \u201cexotic\u201d currencies this year, climbing 6% against the USD since the end of January.<\/p>\n<p><b>Background:<\/b> The Finance Ministry <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/14\/egypt-pushes-non-eurobond-issuances-into-fy2019-20\/\">signed an MoU<\/a> with Euroclear last April to make EGP-denominated debt available via the Belgium-based clearinghouse. The move will facilitate settlement for overseas investors \u2014 who can currently only access the debt market through a handful of local banks licensed to operate as <a href=\"http:\/\/www.mof.gov.eg\/MOFGallerySource\/Arabic\/debt\/18-4-2006\/8.pdf\">primary dealers (pdf)<\/a>. Finance Minister Mohamed Maait, who opened talks last September, said that Egypt will not issue yen- and yuan- denominated bonds \u2014 or green bonds or sukuk, for that matter \u2014 before the next fiscal year to give the government more time to prepare and comply with Euroclear regulatory requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- Euroclear is in Egypt to wrap up procedures that will make EGP-denominated debt \u201ceuroclearable\u201d: A delegation from Euroclear is currently in town to ensure Egyptian debt meets the technical requirements to make it clearable through the Belgium-based clearinghouse, two government officials tell Enterprise. The delegation sat down with Misr for Central Clearing, Depository and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":599319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11295,72,714,7087,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-debt-clearing","tag-enterpriseam","tag-euroclear","tag-finance","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f3d545ef-6933-400e-9f1a-797f0e98d684","is_powered_by":true,"section_story_id":"b2b44a36-c221-4940-89b2-832dba1a3b73","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/1593.jpg","photo_position":"above","related_issue":[599308],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Euroclear is in Egypt to wrap up procedures that will make EGP-denominated debt \u201ceuroclearable\u201d: A delegation from Euroclear is currently in town to ensure Egyptian debt meets the technical requirements to make it clearable through the Belgium-based clearinghouse, two government officials tell Enterprise. The delegation sat down with Misr for Central Clearing, Depository and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-25T04:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d\",\"datePublished\":\"2019-06-25T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt clearing\",\"EnterpriseAM\",\"Euroclear\",\"Finance\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\",\"name\":\"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-06-25T04:00:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/","og_locale":"en_US","og_type":"article","og_title":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d","og_description":"EXCLUSIVE- Euroclear is in Egypt to wrap up procedures that will make EGP-denominated debt \u201ceuroclearable\u201d: A delegation from Euroclear is currently in town to ensure Egyptian debt meets the technical requirements to make it clearable through the Belgium-based clearinghouse, two government officials tell Enterprise. The delegation sat down with Misr for Central Clearing, Depository and [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-06-25T04:00:06+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d","datePublished":"2019-06-25T04:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/"},"wordCount":313,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1","keywords":["debt clearing","EnterpriseAM","Euroclear","Finance","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/","name":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1","datePublished":"2019-06-25T04:00:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/euroclear-delegation-in-egypt-to-wrap-up-procedures-making-debt-euroclearable\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Euroclear delegation in Egypt to wrap up procedures making debt \u201ceuroclearable\u201d"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1593.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":603083,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egyptian-securities-to-be-euroclearable-in-six-months-time\/","url_meta":{"origin":599318,"position":0},"title":"Egyptian securities to be Euroclearable in six months\u2019 time","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"Egypt eyes \u201ceuroclearable\u201d sovereign debt issuance in September: The government is looking to announce a sovereign debt issuance that can be cleared through Belgium-based clearinghouse Euroclear by late September, Finance Minister Mohamed Maait told Reuters. The minister had said over the weekend that the Finance Ministry has signed an MoU\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598034,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/euroclear-is-looking-to-tap-domestic-banks-to-help-settle-government-debt\/","url_meta":{"origin":599318,"position":1},"title":"Euroclear is looking to tap domestic banks to help settle government debt","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"EXCLUSIVE- Euroclear is looking to tap domestic banks to help settle government debt: Belgium-based clearinghouse Euroclear is to select a number of local banks from among primary dealers to assist in the settlement of government debt, a senior government official told Enterprise. Chosen banks will be among those with the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543634,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/new-clearing-companys-board-formed-in-another-step-to-joining-euroclear\/","url_meta":{"origin":599318,"position":2},"title":"New clearing company\u2019s board formed in another step to joining Euroclear","author":"enterpriseam admin","date":"10 February 2022","format":false,"excerpt":"Inching closer to \u201cEuroclearable\u201d status: The board of directors has been formed for our new central clearing and depository company, Egyptian Central Securities Depository (ECSD) in another step toward making local debt \u201cEuroclearable,\u201d Al Borsa reports, picking up a story from state-owned Middle East News Agency.What\u2019s this new company? ECSD\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594089,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/egypt-signs-agreement-with-euroclear\/","url_meta":{"origin":599318,"position":3},"title":"Egypt signs agreement with Euroclear","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Egyptian debt is one step closer to being Euroclearable: Egypt signed a \u201cterms and conditions\u201d agreement with Euroclear on the sidelines of the IMF and World Bank annual meetings in Washington, cabinet said in a statement yesterday. The agreement paves the way for local debt issuances to be cleared with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576286,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/egyptian-bonds-wont-be-euroclearable-for-at-least-another-year\/","url_meta":{"origin":599318,"position":4},"title":"Egyptian bonds won\u2019t be \u201cEuroclearable\u201d for at least another year.","author":"enterpriseam admin","date":"18 November 2020","format":false,"excerpt":"EXCLUSIVE- In other debt news, don\u2019t expect Egypt\u2019s sovereign debt to be \u201cEuroclearable\u201d for at least another year: Egypt expects to meet the terms and conditions to allow its local debt issuances to be cleared with Euroclear in a year\u2019s time, Mohamed Hegazy, head of the Finance Ministry\u2019s debt management\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587699,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/local-currency-debt-to-be-euroclearable-this-year-maait\/","url_meta":{"origin":599318,"position":5},"title":"Local-currency debt to be euroclearable this year -Maait","author":"enterpriseam admin","date":"31 May 2023","format":false,"excerpt":"The new clearinghouse will settle treasuries by August","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1702.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=599318"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599318\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599319"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599318"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599318"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}