Home >> Market operators >> Central Depository (Algérie Clearing)

Central Depository (Algérie Clearing)

Central Depository

- Role

The role of the Central Depository is established by Law 03-04 of 17 February 2003. The Central Depository (Clearing Algerie) carries out the following operations:

- Opening and Administration of Current securities Accounts for TCC (account keeper-custodian of securities);
- Centralization of custody of securities, facilitating thereby their transmission between financial intermediaries;
- Implementation of securities transactions initiated by issuers (dividend payment, capital increase ...);
- Codification of securities admitted to its operations, according to international standard ISIN (International Securities Identification Number);
- Publication of information pertaining to the market.
The establishment of this body will help reducing costs and time for settlement / delivery of securities and other transactions (receipt of dividend, interest, and exercise of rights ...).