MCDR (Central Clearing & Depository)
شركة مصر للمقاصة والإيداع والقيد المركزي
Misr for Central Clearing, Depository and Registry (MCDR) is the entity that holds EGX-listed securities in electronic (dematerialized) form, clears and settles trades, and maintains the central registry of ownership. It issues the Unified Investor Code and is the infrastructure that makes electronic share ownership and T+2 settlement possible in Egypt.
Example
After a trade executes, the depository is where the change of ownership is actually recorded and where the cash and securities legs are settled against each other.
Why it matters
Central depository records are the authoritative statement of who owns what, which is why shares are not held in a broker's name and why moving brokers does not move your holdings.
A common mistake
Thinking your broker holds your shares. The depository holds the record; the broker is the route to the market and the servicer of your account, not the owner of your securities.