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Overview

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The Egyptian Central Securities Depository (ECSD) was officially incorporated on 25 March 2021 as an Egyptian joint-stock company, with an authorized capital of EGP 3 billion, issued & paid-up capital of EGP 1 billion.  The main objective of establishing ECSD was to consolidate the central depository, settlement and clearing operations for all government debt instruments under one unified legal governmental entity, in line with the international practices.

The launch of the company's activity is an essential step towards the governance and development of the local debt market in Egypt. This initiative will stimulate the market and increase its attractiveness for foreign investors. The presence of a local depository that adheres to all international standards, is one of the most important attractions for international investors.

The main activity of ECSD has been launched in 2 phases:

Phase I: Treasury bonds with all of its related activities have been transferred from Misr for Central Clearing, Depository and Registry Company (MCDR) to ECSD on 14 May 2023.

Phase II: Treasury Bills with all of its activities have been transferred from the Central Bank of Egypt (CBE) to ECSD on 24 September 2023. Additionally, the account structure of T-Bills has changed from an omnibus structure to become traded at the beneficial owner level on the Egyptian Exchange (EGX) Electronic Trading Platform (EGX ETP).

ECSD Core Values

ECSD Core Values

E- Excellence: 

We are driven by excellence, consistently delivering top-tier quality in all our services and operations

C- Commitment:

We serve our clients and stakeholders with unwavering dedication, upholding the highest standard of integrity, transparency, accuracy and credibility 

S- Synergy:

We foster a culture of collaboration and teamwork, unlocking collective strength, innovation, and shared success

D- Diversity:

We embrace and value diversity, cultivating an inclusive environment enriched by the unique perspectives and experiences of our team

 

Vision, Mission and Goals

To transform into a state-of-the-art CSD by 2030, leveraging innovation and global standards to provide secure, efficient, and future-ready post-trade services.

To strengthen and advance the Egyptian debt market through robust governance, streamlined processes, and ongoing market development

To ensure the long-term sustainability of the government debt market by upholding transparency and integrity, attracting a wider base of market participants, and maintaining a strong commitment to excellence and international standards. 

Objectives

Objectives

  • Harmonize and continuously advance the Egyptian debt market by strengthening market structure, governance, and operational resilience.
  • Optimize post-trade processes through the adoption of advanced technologies, automation, and digital transformation initiatives.
  • Enhance efficiency and service quality by adhering to market best practices and global standards.
  • Maintain exceptional performance and mitigate risks through ongoing assessments aligned with international frameworks such as CPMI-IOSCO PFMIs and Thomas Murray’s Public CSD Rating methodology.