NO. 12

19 DECEMBER 1994

Financial and Banking News

Regional Banking

Beirut's Clearing House To Open In January

Lebanon's first ever clearing house, Midclear, will begin operations on 3January 1995, Midclear's Chairman, Mr. As'ad Sawaya, said last week. The newinstitution, which will work closely with the Beirut secondary market and theofficial stock exchange when it opens, will be involved with the storing ofphysical stock certificates and settlement and clearing operations in the...