1. Midclear’s Current Status Chairman – General Manager
MIDCLEAR S.A.L.
AMEDA’s 11th Meeting
April 28-29, 2010
Beirut - Lebanon
Midclear’s Current Status
and
Future Developments
Fouad El Khoury
Chairman – General Manager

2. MIDCLEAR S.A.L
CUSTODIAN AND CLEARING CENTER OF FINANCIAL INSTRUMENTS FOR LEBANON AND THE MIDDLE EAST
ESTABLISHED JUNE JOINT STOCK COMPANY
CENTRAL DEPOSITORY BY LAW NO OCTOBER 1999
CENTRAL REGISTRAR FOR
BANKS SHARES BY LAW No 308 DATED APRIL, 2001
CAPITAL 2,800,000,000 LBP
MAJOR SHAREHOLDERS BANQUE DU LIBAN (99.8%)
PARTICIPANTS LOCAL AND FOREIGN BANKS
LOCAL & FOREIGN FINANCIAL INSTITUTIONS FOREIGN CSDs, CLEARING HOUSES, AND ISSUERS.

3. PRODUCTS AND SERVICES Using SWIFT ISO 15022 extensively
New ISO in the medium Term
1- Clearing and Settlement of Domestic Financial Instruments
T+3 DVP/RVP- cash settlement with central Bank.
Future developments
New payment system (awaiting Central Bank RTGS).
Securities lending and borrowing law
Dematerialization Law.
Guarantee fund.
Law establishing Financial Market Authority.
2- Clearing and Settlement of Foreign Transactions
Use of Euclid (Euroclear) and Creation on line (Clearstream) and SWIFT for clearing and settling instruments on most of the markets outside Lebanon.

4. PRODUCTS AND SERVICES 3- Shareholders Registration Processing
Initial Public Offering (IPO)
4- Custody Services
Partly Physical
Partly Electronic
5- Administration of Securities
All kind of corporate actions on local and foreign markets.
6- Administration of Mutal Funds
Automation through a program developed with Path
Solution Company.
Formalities in process to register Midclear as a fund administrator with Cayman Islands Authorities.
Thank you…