|
CMA Approves the Establishment of Beak Albatross Holding Co. for Financial Investment and the Issuance of its Shares - Financial Advisors Listed at CMA Register till 7 September 2008 - Auditors Listed at CMA Register till 3 September 2008 - A List of the Branches of the Securities Brokerage Companies Listed from January 2008 until August 2008 at the CMA Register - CMA Approves the Establishment of Misr-Bluton Company for Mutual Fund Management and the Issuance of its Shares - CMA Approves the Establishment of Holding Company For Medical Supply and the Issuance of its Shares - CMA Approves the Establishment of City Trade Holding Company For Financial Consultation and the Issuance of its Shares - CMA approves the Establishment of Aliens Holding Company - Sponsors of Small and Medium Enterprises approved by the Capital Market Authority till 14/8/2008 - The CMA Grant Dynamic Company for Securities to practice Online Trading Activity -The CMA Approved the Adjustments of the positions of the Swiss Group For Securities Company pursuant to Decision No. (49) - The CMA Grant Approval for Bloom Egypt Securities Company to Practice Margin Trading Activity - The CMA Agrees to Grant a License to “The National Real Estate Holding Company for Financial Investment "
     


News 

CMA Requests Setting Securities Transaction For all Listed on T+2 Effective Sunday, 6 May 2007- Wednesday18/4/2007
     Within the framework of CMA’s efforts and its strategic plan for developing and enhancing efficiency of the Egyptian capital market, CMA has issued directives to Misr for Clearing, Depository and Central Registry to start paper and financial settlements of securities listed at CASE during two workdays from date of completion of sale or purchase transaction at trading session at the exchange, that is, on the basis of T+2.
     To note, the current settlement system is based on completing settlements for active, listed securities (54 of them) within two workdays (T+2). As for less active, listed securities, settlement is done within three workdays (T+3).
     The rationale behind these directives is that enhancing efficiency of the market and operations requires finalizing settlements (regardless securities being active or not active) within a specific period of time using on modern technologies and efficiency of the settlement and operation system at Misr for Clearing, Depository and Central Registry.
     By applying the settlement system to securities transactions within two workdays from date of finalizing sale/purchase transactions at the exchange, the settlement system in the Egyptian capital market will be no less than those systems in effect in advanced markets. The system in Egypt will be as follows:
  • Settlement within two workdays (T+2) for all listed securities sold and purchased at the exchange.

  • Immediate settlement (T+zero) for securities purchased and sold through the system of same day trade.

The system shall take effect as of Sunday, 6 May 2007.
عربي | Contact us | Sitemap | FAQ | Home
 
All rights reserved to Capital Market Authority © 2006