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Primary Dealers  

Primary Dealers System

An electronic trading system was developed by EGX to operate the Primary Dealers System through which the trading is conducted according to the clean price. In addition, the yield to maturity, the current yield, the duration and the accrued interest are calculated automatically.

The Primary Dealers System is linked electronically to the primary dealers, custodians and Misr for Central Clearing, Depository and Registry (MCDR) Company.

The Primary Dealers System was introduced to activate the bond market and enhance its liquidity, in addition to reducing the cost of borrowing for the government and providing the Central Bank with financial tools that would facilitate its intervention in the secondary market via open market operations.

Primary dealers' main functions are to underwrite the initial offering of the government securities in the primary market and to act as market makers in the secondary market.

List of Primary Dealers
Primary Dealers As of  15/09/2019
1Misr Iran Development Bank
2Credit Agricole Egypt
3Commercial International Bank- Egypt
4Arab Bank Ltd
5Suez Canal Bank
6Qatar National Bank AL Ahli
7Export Development Bank of Egypt
8Barclays Bank - Egypt (S.A.E)
9Egyptian Gulf Bank
10HSBC Bank-Egypt
11National Bank of Egypt
12Citibank
13Banque Misr
14Banque du Caire
15Bank of Alexandria
16Arab African Bank