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The main functions of Midclear include:

  • Safekeeping of securities for participants.
  • Immobilization of physical securities.
  • Book-entry clearing and settlement of transactions in a secure and cost effective environment.
  • Accurate, timely and cost effective means of collecting, distributing and accounting for dividend and interest payments.
  • Maintaining shareholders registers. By Law No 308 of April 3rd 2001, Midclear was appointed Central Registrar for all Lebanese banks shares.
  • Administering Mutual Funds.
  • Official numbering agency for Lebanon (ANNA member).
  • Repo transactions.