New ISSA Member – The Egyptian Central Securities Depository (ECSD)

ISSA is delighted to welcome The Egyptian Central Securities Depository, as a new member.

The Egyptian Central Securities Depository (ECSD), incorporated on 25 March 2021 as an Egyptian joint-stock company, plays a vital role in the evolution of Egypt’s financial markets. By unifying the depository, settlement, and clearing operations for all government debt instruments under one legal entity, ECSD operates in alignment with international best practices.

This strategic initiative has been a game-changer for Egypt’s local debt market, fostering greater efficiency, transparency, and market governance. The establishment of ECSD has enhanced the market’s appeal to foreign investors, positioning Egypt as a competitive destination in the global financial landscape. With its adherence to international standards, ECSD provides a robust foundation for international investor confidence.

Committed to fostering global collaboration, ECSD actively engages with international associations and partners, recognizing the importance of interconnected markets. ECSD’s achievements have been underscored by its A+ rating in the Public CSD Rating Assessment conducted by Thomas Murray and its broad observance of the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI).

As a forward-looking institution, ECSD remains dedicated to supporting the sustainable growth of Egypt’s financial market while strengthening its ties within the global financial infrastructure community.