Japan Securities Depository Center, Inc. (JASDEC) signed a Memorandum of Understanding (MOU) with Misr for Central Clearing, Depository and Registry (MCDR) of Egypt on 10 March 2009.
Under the MOU, board members, senior management and staff members from both CSDs can meet on a regular basis to explore opportunities of improvement and exchange information. The two parties have also expressed a mutual desire to develop a closer working relationship.
MCDR is the sole Egyptian CSD, providing clearing and settlement services to Egypt Stock Exchange (ESE). According to JASDEC’s website, this is the ninth such MOU that it has signed with an overseas CSD since August 2003.
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