Egypt: Egypt Sets 50 Percent Cash Collateral Limit in New Rules for Short Selling
Egypt has issued new rules for short selling on the Egyptian Exchange, requiring investors to provide cash collateral equal to at least 50% of the market value of borrowed securities.
The 50% cash requirement is designed to limit risk: investors must post that collateral while MCDR keeps the full proceeds from selling the borrowed shares, creating initial coverage equal to 150% of the position.
Keep up with the latest headlines on WhatsApp | LinkedIn Brokers need at least EGP 5 million of shareholders' equity to offer short selling and EGP 10 million if they also provide margin trading.
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