Muscat Clearing and Depository (MCD), the sole entity legally authorized to conduct all clearing and settlement operations for trades executed on the Muscat Stock Exchange (MSX).

MCD applies the Delivery Versus Payment (DVP) model in accordance with international standards issued by the Bank for International Settlements (BIS). Trades are settled within three business days after the trade date (T+3).

The transaction is suspended, and the member is granted a grace period until the fourth business day after the trade date (T+4). If the shortage persists, a mandatory buy-in or cash compensation is applied.

Yes. Examples include a 0.25% penalty for delayed cash settlement and a suspension fee of OMR 5 per day for each affected security.

Each member must open a dedicated settlement account with an approved bank, sign authorization agreements, and comply with all regulatory requirements set by MCD and the Financial Services Authority.

Yes. It includes Global Depository Receipts (GDRs) according to specific fees and methodologies.

Yes, The service includes all securities listed on the MSX, shares, bonds, sukuk, and GDRs, in accordance with regulations approved by the Financial Services Authority.

• Cash settlement: involves paying or receiving funds. • Securities settlement: involves transferring ownership of securities from the seller to the buyer. Both occur on the same day to ensure transaction security.

The Authority supervises MCD’s clearing and settlement operations, ensures compliance with regulatory standards, approves related regulations and procedures, and contributes to policy development.