19 DECEMBER 1994
Financial and Banking News
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...