MIDCLEAR by shimeiyan3

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									    MIDCLEAR S.A.L.



 AMEDA 1st Leadership Forum
      April 28, 2009

ADMINISTRATION OF MUTUAL FUNDS



            Midclear S.A.L.
            Fouad El Khoury
       Chairman – General Manager
                MIDCLEAR S.A.L

     CUSTODIAN AND CLEARING CENTER OF
  FINANCIAL INSTRUMENTS FOR LEBANON AND
              THE MIDDLE EAST
• ESTABLISHED              JUNE 1994
                           JOINT STOCK COMPANY

• CENTRAL DEPOSITORY       BY LAW NO 139 - 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.
PRODUCTS AND SERVICES
MIDCLEAR : PRODUCTS AND SERVICES


1.   CLEARING AND SETTLEMENT OF DOMESTIC
     FINANCIAL INSTRUMENTS

2.   CLEARING AND SETTLEMENT OF FOREIGN
     TRANSACTIONS

3.   SHAREHOLDERS REGISTRATION PROCESSING

4.   CUSTODY SERVICES

5.   ADMINISTRATION OF SECURITIES

6.   ADMINISTRATION OF MUTUAL FUNDS
   MIDCLEAR : PRODUCTS AND SERVICES



  ADMINISTRATION OF MUTUAL FUNDS

MIDCLEAR IS BEING CONTINUOUSLY CHOSEN BY

MUTUAL FUNDS’ MANAGERS AS THE ADMINISTRATIVE

AGENT, AND CUSTODIAN OF MUTUAL FUNDS ISSUED BY

FINANCIAL INSTITUTIONS AND BANKS.
MIDCLEAR : PRODUCTS AND SERVICES


 ADMINISTRATION OF MUTUAL FUNDS

• STARTED IN JANUARY 2002

• TODAY, MIDCLEAR IS ADMINISTERING EIGHT MUTUAL FUNDS

• MIDCLEAR’S ROLE STARTS AFTER THE ISSUANCE OF THE
  PROSPECTUS

• WATCH OVER THE STRICT COMPLIANCE OF THE CONDITIONS
  SET OUT IN THE PROSPECTUS

• PREPARE THE NAV (NET ASSET VALUE) AND ALL FINANCIAL
  STATEMENTS
 MIDCLEAR : PRODUCTS AND SERVICES


 ADMINISTRATION OF MUTUAL FUNDS


• PREPARE ALL DOCUMENTATION REQUESTED BY THE
CENTRAL BANK OF LEBANON, WHO AUTHORIZE THE
ESTABLISHMENT OF A “ MUTUAL FUND” IN LEBANON
(BALANCE SHEET, STATEMENT OF OPERATIONS … )

• ADMINISTRATION OF FUNDS REGISTERED IN LEBANON
 AND INVESTING IN OTHER COUNTRIES

• HOLD REGISTRAR

• MUTUAL FUNDS REVENUES REPRESENT 3% OF MIDCLEAR’S
  TOTAL REVENUES

								
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