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بوابة الشروق
Islam Azam on Central Lending Tests
The General Authority for Financial Control, in collaboration with the Egyptian Securities Exchange (EGX) and the Egyptian Stock Exchange, announced that live trials are being conducted on the Central Lending System in preparation for the official launch of the "Short Selling" mechanism (borrowing securities for the purpose of selling). The system aims to enhance transparency and protect the rights of all parties involved by documenting all stages of the operations and providing real-time monitoring for participants, while ensuring compliance with the new regulatory rules. The system includes limits on the number of securities that can be lent, regulates the rights of lenders and borrowers, and monitors maximum ratios and evaluates borrowed securities to ensure market stability and investor protection.
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