{"id":602345,"date":"2019-03-25T04:00:30","date_gmt":"2019-03-25T04:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/govt-cbe-to-establish-debt-clearing-company\/"},"modified":"2019-03-25T04:00:30","modified_gmt":"2019-03-25T04:00:30","slug":"govt-cbe-to-establish-debt-clearing-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/govt-cbe-to-establish-debt-clearing-company\/","title":{"rendered":"Gov\u2019t, CBE to establish debt clearing company"},"content":{"rendered":"

The Finance Ministry, the Central Bank of Egypt, and Misr for Central Clearing, Depository and Registry (MCDR) will establish next month a new company that will handle all the clearing and registry of government debt issuances, as well as collect taxes from these issuances, Al Mal reports<\/a>. The company will be operational before June.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry, the Central Bank of Egypt, and Misr for Central Clearing, Depository and Registry (MCDR) will establish next month a new company that will handle all the clearing and registry of government debt issuances, as well as collect taxes from these issuances, Al Mal reports. The company will be operational before June.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9346],"tags":[2376,72,276,3174],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602345","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","tag-finance-ministry","tag-misr-for-central-clearing-depository-and-registry","wpautop","entry"],"acf":{"mongo_id":"cc0ce18f-abba-46e8-a432-8bb3c546b2ad","is_powered_by":true,"section_story_id":"5ba813e3-5191-41bc-b54e-b35daa62f6a8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602313],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t, CBE to establish debt clearing company - 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\/03\/25\/govt-cbe-to-establish-debt-clearing-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t, CBE to establish debt clearing company\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry, the Central Bank of Egypt, and Misr for Central Clearing, Depository and Registry (MCDR) will establish next month a new company that will handle all the clearing and registry of government debt issuances, as well as collect taxes from these issuances, Al Mal reports. 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Cabinet had approved the establishment of the new central clearing and depository\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/438.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603142,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","url_meta":{"origin":602345,"position":1},"title":"Govt, CBE mulling legislative amendment for clearing companies rules","author":"enterpriseam admin","date":"16 April 2019","format":false,"excerpt":"Gov\u2019t, CBE mulling changes to rules on clearing companies: The Central Bank of Egypt, the Finance Ministry, and Misr for Central Clearing, Depository and Registry (MCDR) are considering raising the ceiling for shareholders\u2019 stakes in a clearing and depository company above the current 5% maximum, unnamed sources said, according to\u2026","rel":"","context":"In "Speed Round"","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":599276,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/egypts-market-regulator-drafts-proposed-amendments-to-rules-on-clearing-companies\/","url_meta":{"origin":602345,"position":2},"title":"Egypt\u2019s market regulator drafts proposed amendments to rules on clearing companies","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"REGULATION WATCH- Market regulator drafting changes to rules on clearing companies: The Financial Regulatory Authority\u2019s (FRA) board of directors agreed last week to put forth proposed amendments to the law governing clearing and depository companies, according to a FRA statement (pdf). The proposed amendments include allowing companies to receive licenses\u2026","rel":"","context":"In "Speed Round"","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":599224,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypts-cabinet-approves-establishing-new-central-clearing-company\/","url_meta":{"origin":602345,"position":3},"title":"Egypt\u2019s cabinet approves establishing new central clearing company","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Cabinet econ group green lights new central clearing company for debt: The Madbouly Cabinet\u2019s economic group approved on Friday establishing a new central clearing and depository company, according to a statement. The new entity is expected to handle all the clearing and registry of government debt issuances, as well as\u2026","rel":"","context":"In "Speed Round"","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":600064,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/gafi-to-issue-warnings-for-sae-companies-that-have-not-registered-shares-with-misr-clearing\/","url_meta":{"origin":602345,"position":4},"title":"GAFI to issue warnings for SAE companies that have not registered shares with Misr Clearing","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"The General Authority for Investments (GAFI) decided to begin issue warnings to joint stock companies (basically, any company with \u201cSAE\u201d at the end) that have not yet registered their shares with Misr for Central Clearing, Depository and Registry. These companies have three months to complete registering their shares or face\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561617,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/managing-director-non-executive-chairman-named-for-new-central-clearing-and-depository-company\/","url_meta":{"origin":602345,"position":5},"title":"Managing director, non-executive chairman named for new central clearing and depository company","author":"enterpriseam admin","date":"14 April 2021","format":false,"excerpt":"Yasser Zaazaa (bio) has been appointed managing director of the newcentralclearing and depository company for state debt issuances, while Central Bank of Egypt Deputy Governor Rami Aboul Naga (LinkedIn) was named non-executive chairman, Al Mal reports, citing unnamed sources. 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