Africa and Middle East Depositories Association - AMEDA Organization

AMEDA was founded on April 27, 2005, and held its inaugural meeting in New York before the CSD 8th conference. This non-profit organization is made up of Central Securities Depositories and Clearing Houses in Africa and the Middle East. The primary objective of AMEDA is to provide a platform for its members to exchange information and experiences, while also supporting the development of local markets through mutual cooperation. Additionally, AMEDA aims to promote best practices in services such as depository, clearing, settlement, efficiency, risk management, corporate governance, and other related areas on a global scale.
With a focus on enhancing the efficiency and effectiveness of financial markets, AMEDA plays a crucial role in promoting economic growth and stability in the regions it serves. By fostering collaboration and knowledge-sharing among its members, AMEDA is able to facilitate the adoption of best practices and promote innovation in the financial sector.
As a non-profit organization, AMEDA is committed to serving the needs of its members and the broader financial community. Through its various initiatives and programs, AMEDA is dedicated to promoting transparency, accountability, and good governance in the financial sector.
Overall, AMEDA is a vital organization that plays a critical role in promoting the development and growth of financial markets in Africa and the Middle East. With its focus on collaboration, innovation, and best practices, AMEDA is well-positioned to drive positive change and support the continued growth and success of the financial sector in these regions.

OUR EXPERIENCE

Experience - 19 years

Members - 34 Members

Countries covered - 32 Countries

Associate Members - 10 Members

Our Mission

AMEDA is formed for the benefit of its Members communities, as an elective, inter-professional and regional facility to foster a spirit of cooperation, reciprocity and harmony among members, to achieve those objectives it determines from time to time in the best practice manner.

Fees and Expenses

Full members pay $2500 as joining fees paid once the application is approved for joining the Association and $2000 on an annual basis paid in January while Associate members pay $2000 as joining fees paid once and $1500 as annual fees.
a. The Full Members and Associate Members must pay the applicable membership, annual fees and such other fees and charges set by the General Assembly within sixty (60) days of receiving an invoice.
b. The General Assembly may accept reduced membership fees, within the agreed parameters.
c. The Members and invitees are responsible for their own expenses relating to traveling, accommodation and incidental expenses while attending the meetings and/or events of the Association.

Liability

Africa and Middle East Depositories Association is an entity separate from its Members, and does not have the authority, capacity or mandate to bind or act in the name, on behalf, or as agent of any Member. A Member cannot be held liable to a third party for an obligation or a willful or negligent action of the Association.

AMEDA Bylaws

OBJECTIVES

To establish and suggest universal standards and optimal procedures for clearing, settlement, and depository services within the region. Our goal is to encourage local markets to adopt these practices, while taking into account the unique circumstances of each market. By doing so, we can ensure a more efficient and effective system for all parties involved.

Promote efficiency and cost effectiveness in the clearing, settlement and depository services provided in the region.

Provide a forum to declare best practices for clearing, settlement and depository services seeking market harmonization.

Cooperate with the regulatory authorities of each country to achieve best practices related to clearing, settlement and depository services.

Promote risk management as well as the development of sound and efficient systems for clearing, settlement and depository services.

Share the experiences and information among the Members with the aim of obtaining a wide range of solutions to specific topics within the respective markets as well as within the context of globalization.

Foster a spirit of cooperation and integration among its Members in order to promote the development and improvement of their clearing, settlement and depository services for the mutual benefit of their markets.

Establish working groups and committees, whether permanent or temporary, to co-ordinate tasks and carry out the basic activities of the Association in the pursuit of its objectives.

Provide input and feedback on behalf of the Members to international bodies such as, the World Forum of Central Securities Depositories (WFC), International Securities Services Association (ISSA), and the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions (CPSS-IOSCO) projects.

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