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Stock exchange partners with depository to improve debt trading
The Egyptian Exchange (EGX) has signed a memorandum of understanding with the Central Depository and Securities Clearing House to enhance the efficiency of the government debt instruments market in Egypt. The initiative includes developing advanced regulations and technologies to ensure faster settlement and risk reduction, reflecting a commitment to international "IOSCO" standards. The main mechanisms involve expanding the trading of government debt instruments, establishing direct connections for investor data, accelerating settlement processes, as well as organizing procedures for transfer of ownership and transaction cancellations, all aimed at supporting a stable investment environment aligned with the highest global practices.
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