image description
image description
Tell A Friend

Latest News

  • 07-02-16

    Egypt ECMA refuses to cut MCDR charges

    (MENAFN) The Egyptian Capital Market Association (ECMA) will cut the fees gained by MCDR for settling selling and buying operations using T+1 and T+0 mechanisms.

    Furthermore, ECMA wanted a reduction in the charges on all processes carried out using the two mechanisms, in which the ratio of 1/8 per operation would be cut to 1/6 in a thousand.

    Accordingly, reason for the rejection is that MCDR puts a high limit of USD 636.65mn for the fees it obtains from each operation, which means that there is a limit.

    T+1 is a settling device that permits investors to sell shares the next day after they buy them, whereas the T+0 mechanism is a prompt mechanism that allows trading securities.
View the Financial News Archive
 

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved