Memorandum of understanding signed between Takasbank and MCDR

Friday, 16 November 2012

A memorandum of understanding (MoU) was signed between ISE Settlement and Custody Bank Inc. (Takasbank) and Misr for Central Clearing, Depository and Registry (MCDR) by Mr. Murat Ulus, CEO and Board Member of Takasbank and Mr. Mohammed S. Abdel Salam, Chairman and Managing Director of MCDR. This MoU aims to lay the foundations of cooperation in post-trade operations between two institutions through exchange of information and know-how regarding international settlement and custody services paving the way to provide added value to the technical cooperation and post-trade services development in relation to the market linkage carried on between Borsa Istanbul and Egypt Exchange (EGX).