MIDCLEAR S.A.L. (CUSTODIAN AND CLEARING CENTER OF FINANCIAL INSTRUMENTS FOR LEBANON AND THE MIDDLE EAST)

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.