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MCDR Management of CA

MCDR Management of CA

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MCDR Management of CA

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  1. MCDR Management of CA Port Said Mansoura Alexandria • A Unique Cash Disbursement System • Geographical Network Mahala Tanta Suez Zagazig Cairo Helwan Menia Cash Disbursement Asyott Sohag Direct Cash Payment Home Delivery Current Account Bank Transfer Cheques SWIFT

  2. custodian instructs MCDR to make “free delivery” to broker’s settlement account at MCDR in client’s name (until 8:30 on SD) MCDR credits buying broker’s securities account Buying broker orders free delivery to client’s custodian Banks instructed by MCDR to confirm funds transfer MCDR notified by settlement banks of broker’s cash account position Buying broker’s settlement account funded at Settlement banks in broker’s name (13:30) D e f a u l t Buyer can now sell SGF procedure MCDR Regular Settlement Cycle Net Cash Settlement, Gross Securities Settlement T Broker confirms and blocks seller’s position at custodian SD-1 SD Buyer funds at broker Trade executed at EGX Trade feed matches blocked positions custodian confirms written / phone order custodian rejects Seller deposits securities at custodian continued Dematerialized or immobilized in MCDR vaults No trade executed