Muscat Clearing and Depository (MCD) provides the Euroclear Sub-Account Opening Service, enabling financial and investment institutions to safekeep and settle securities and manage assets within a unified operational and regulatory framework. These sub-accounts are linked to MCD’s main account and operate under Euroclear Bank’s rules and controls.
Service Features:
Core Expertise: Custody, clearing, and settlement management represent the core business of MCD’s operations as a government entity responsible for registering and safekeeping securities and managing post-trade activities.
Specialized Expertise: A team of experienced professionals with extensive knowledge of Euroclear’s policies, procedures, and systems.
Local and International Client Base: MCD serves a wide range of domestic and international entities.
Comprehensive Account Setup: Full preparation of self-managed accounts with direct reporting to clients under MCD’s supervision.
Requirements and Conditions:
Service Agreement: A formal agreement must be signed with MCD, outlining the terms and conditions of the service.
Legal Documentation: Submission of the commercial registration, list of authorized signatories, and proof of address (such as a utility bill or bank statement).
Regulatory Compliance: Adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements in accordance with approved regulations.
