{"id":24006333,"date":"2026-07-06T14:13:32","date_gmt":"2026-07-06T11:13:32","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%a8%d8%b1%d8%a6%d8%a7%d8%b3%d8%a9-%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2\/"},"modified":"2026-07-07T10:41:49","modified_gmt":"2026-07-07T07:41:49","slug":"%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%a8%d8%b1%d8%a6%d8%a7%d8%b3%d8%a9-%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%a8%d8%b1%d8%a6%d8%a7%d8%b3%d8%a9-%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2\/","title":{"rendered":"FRA Sets Futures Settlement Fees to Drive Growth in  Derivatives Market &#8211;  Monday 6 July 2026"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left\"><span style=\"color: #800000\"><strong>Dr. Islam Azzam- FRA Chairman :<\/strong><\/span><\/p>\n<ul style=\"text-align: left\">\n<li><span style=\"color: #800000\">One-Year fee exemptions to boost market participants during derivatives launch phase.<\/span><\/li>\n<li><span style=\"color: #800000\">Futures contracts mark a pivotal milestone in capital market development, diversifying options across investor segments.<\/span><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left\">FRA Board of Directors chaired by Dr. Islam Azzam, has issued a resolution determining the clearing and settlement service fees for futures contract operations on the Egyptian Exchange (EGX). Developed in coordination with the EGX Board of Directors, the move finalizes the regulatory framework for derivatives market, ensuring its activation and the readiness of all market participants.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">These services will be provided via \u201cTaswyaat Clearing Services (TCS)\u201d FRA-licensed entity authorized to conduct clearing and settlement operations for contracts traded on futures exchanges. The company plays a pivotal role in risk management and assessment at the client account level for financial derivatives trading and settlement members, in addition to managing counterparty risk during trading operations to safeguard the stability and integrity of the capital market.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Resolution No. 110 of 2026, published in Al-Waqa&#8217;i&#8217; al-Misriya), mandates a one-year fee exemption for several services. This reflects FRA and EGX\u2019s commitment to upgrade the procedural and technical infrastructure of the capital market, diversify investment instruments and enhance risk management efficiency in alignment with international best practices.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Under the newly issued resolution, several operational services will be exempted from fees for a one-year period starting from its effective date. These temporary exemptions include proxy trade execution, final contract settlements, member-to-member position transfers, account statement issuance, system user additions and automated settlement connectivity. Additionally, the resolution mandates that three key services will remain permanently free of charge: client account opening, cash deposits and cash withdrawals.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Dr. Islam Azzam, FRA Chairman emphasized that commencing futures trading following the launch of derivatives market marks a major milestone in the structural evolution of the Egyptian Exchange (EGX). He noted that futures contracts serve as a primary vehicle for developing Egypt&#8217;s capital market infrastructure. By reducing initial cost barriers, the Authority aims to encourage diverse investor segments to adopt these new instruments, establishing them as vital investment options that will diversify investment options and deepen market liquidity.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">FRA Chairman added that the resolution strikes a balance between securing appropriate fees for the services provided by the clearing company and encouraging market members and traders to participate in the futures market during its launch phase. Furthermore, the temporary exemption services serves as a practical incentive for investors and brokerage firms licensed to trade in futures contracts derived from securities and financial instruments, ultimately expanding market activity and boosting its attractiveness.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">The launch comes at a critical time, as the Egyptian Exchange successfully rolled out its financial derivatives platform concurrently with recent regional geopolitical shifts, including the outbreak of Iran war. This timely execution underscored the resilience, stability and growth prospects of Egypt&#8217;s financial sector despite broader regional uncertainties. Building on this momentum, the EGX successfully introduced futures contracts mapped to two of the market&#8217;s leading blue-chip stocks this past June. This follows FRA&#8217;s earlier issuance of Board Resolution No. 7 of 2026 which laid down the technical, financial and regulatory benchmarks required for licensing futures brokerage activities, an initiative that has already seen multiple qualified firms secure official operational approvals.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Details of Services and Approved Fees:<\/p>\n<ul>\n<li style=\"text-align: left\">Membership Fee: EGP 20,000 (one-time fee)<\/li>\n<li style=\"text-align: left\">Annual Subscription: EGP 10,000 annually (includes access to one settlement system screen)<\/li>\n<li style=\"text-align: left\">Client Account Opening: Free<\/li>\n<li style=\"text-align: left\">Settlement Services: 0.01% (1 basis point) of the transaction value, capped at a maximum of EGP 5,000 or its equivalent in trading or settlement currency<\/li>\n<li style=\"text-align: left\">Cash Deposit Fees: Free<\/li>\n<li style=\"text-align: left\">Cash Withdrawal Fees: Free<\/li>\n<li style=\"text-align: left\">Proxy Trade Execution: 0.1% of the transaction value, capped at a maximum of EGP 5,000 or its equivalent in trading or settlement currency (one-year exemption)<\/li>\n<li style=\"text-align: left\">Final Settlement: 0.01% of the value of open positions on the contract expiration date, capped at a maximum of EGP 5,000 or its equivalent in trading or settlement currency (one-year exemption)<\/li>\n<li style=\"text-align: left\">Position Transfers (from one member to another): 0.1% (10 basis points) of the value of open positions, capped at a maximum of EGP 5,000 or its equivalent in the trading or settlement currency (one-year exemption)<\/li>\n<li style=\"text-align: left\">Account Statement Issuance: EGP 100 per statement (one-year exemption);<\/li>\n<li style=\"text-align: left\">Adding a System User: EGP 5,000 annually (one-year exemption)<\/li>\n<li style=\"text-align: left\">Automated Settlement Connectivity: EGP 50,000 annually (one-year exemption)<\/li>\n<\/ul>\n","protected":false},"author":124,"featured_media":23520496,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3791,3792,4083,5034],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/24006333"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/23520496"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=24006333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=24006333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=24006333"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=24006333"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=24006333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}