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Midclear: CSD in Lebanon Corporate Actions – Local Securities

Midclear Management of Corporate Actions. Midclear: CSD in Lebanon Corporate Actions – Local Securities There are two main steps in the treatment of the event: 1- Event creation and event communication - Information collection Event notification transmission to the members

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Midclear: CSD in Lebanon Corporate Actions – Local Securities

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  1. Midclear Management of Corporate Actions Midclear: CSD in Lebanon Corporate Actions – Local Securities There are two main steps in the treatment of the event: 1- Event creation and event communication- Information collection Event notification transmission to the members 2- Event processing Meeting attendance and voting Interest and redemption payments Dividend payment Subscription/Increase of capital Stock split/Decrease of capital

  2. Midclear Settlement Model 2 BSE 2 Selling Broker Buying Broker 4 4 3 5 5 Cash Securities Cash Securities Trade 1 Selling Bank 5 5 Buying Bank Midclear 1 6 BDL (RTGS) DVPSettlement Midclear CSD 7 8 1 - Selling and Buying Banks send their orders to their respective Brokers 2 - Selling and Buying Brokers place their respective orders on the Beirut Stock Exchange. 3 - The BSE matches the orders and forms a trade which is sent to Midclear for allocation 4 - Selling and Buying Brokers allocate the Shareholder numbers on T 5 – Selling/Bying Bank and Broker send DAP and RAP instructions to Midclear to be settled on T+3 6 - Midclear performs clearing (matching the instructions and checking for the adequate balance) 7 - Settlement of cash via BDL RTGS system 8 - Settlement of the securities

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