MCDR obtained a license for clearing and settling financial transactions conducted on the stock exchange and other related services in 1994. The company started action as of October 1, 1996, with the main objective of converting trading from printed stock certificates to trading through book entries. The name of the company was changed in August 1997 from Misr for Clearing and Settlement to Misr for Clearing, Settlement and Central Depository. In January 2006, the name was changed to Misr for Central Clearing, Depository and Registry, to be consistent with the activities assigned to it after issuing the Depository and Central Registry Law No. 93 of 2000.
MCDR, an Egyptian joint stock company was established pursuant to the provisions of Article 103 of the Executive Regulations of the Capital Market Law No. 95 of 1992.
The main purpose of the company was carrying out the clearing and settlement of transactions on the stock exchange and implementing the central ownership system for securities. Since its establishment, MCDR has succeeded in achieving a noticeable impact on the Egyptian market. In addition to its decisive role in settling trading operations, the company has had a positive impact on increasing liquidity and raising the turnover rate of securities, as well as providing depository bank services for foreign securities and issuing Egyptian depository receipts.
MCDR excels in providing a wide range of about 239 distinctive services including central depository, clearing, and settlement services, in addition to the innovative Electronic Signature Service. It also provides a unique platform in acting as an interface for Arab and foreign brokers in Egypt, providing custodian services to some financial institutions, and training market participants on new and updated systems.
Thanks to its vital role and distinguished set of services, MCDR contributes to developing the economy and stimulating financial trading, which in turn contributes to enhancing the country’s economic stability and achieving sustainable development.
Services:
MCDR offers a wide range of 239 services that are constantly updated based on the latest global technology trends, in line with Egypt's digital transformation and financial inclusion to realize Egypt's Vision for 2030.
These services are classified into nine main categories:
Central Depository Services:
This includes the depository of securities, clearing and settlement of financial positions resulting from trading transactions and the relevant pledge of securities.
Clearing and Settlement:
The company identifies the rights and obligations resulting from securities trading, covering the financial positions resulting from these transactions and effecting the relevant discount and addition as required. This service aims to reduce risks associated with receipt and delivery of securities and the execution of the transactions and transfer of securities ownership within a specified time frame.
Central Registry (Stocks– Investment Certificates):
This activity is related to the bookkeeping of securities ownership. This activity eliminates transaction risks and facilitates the change of ownership and funds, which means easier transactions and quicker turnover.
Corporate Actions:
MCDR executes decisions approved by the companies' general assemblies for the benefit of its shareholders. This includes dividend distribution, increases in capital, mergers, acquisitions, stock splits, and other corporate actions.
Electronic signature:
MCDR works to expand the scope of the electronic signature and electronic seal services to support various business sectors in the Egyptian market, aligning with Egypt’s vision for 2030.
Training:
MCDR aims to build capacities of employees operating in custodian banks and enhance their skills to enable them to perform their role with proficiency and excellence. 
Pledge of Securities:
Saving the customer's securities’ pledge rights on behalf of the pledgee (the bank), deposited in MCDR.
Depository Bank:
MCDR acts as a depository bank for foreign companies that seek to register in the Egyptian Exchange. The company works to convert the balance of foreign securities into Egyptian Depository Receipts (EDR) that are traded on the Egyptian Exchange.
Settlement Guarantee Fund:
It includes all the parties involved in the settlement process. The fund's management also ensures that transactions are executed at the correct time.
The Fund aims to ensure the integrity of settlement operations, and that all members adhere to the specified settlement schedule.