When you buy stocks on Thndr, you become a legal shareholder in a publicly listed company. Understanding how your orders are executed, settled, and registered is key to knowing how your investments are protected.
When you create an account, Thndr registers you on the Egyptian Exchange (EGX) using the identity details you provide. Your trading activity is linked to a unified code generated by Misr for Central Clearing, Depository & Registry (MCDR), which serves as your unique identifier in the Egyptian market. Your shares are officially registered in your name through this regulated process.
The Road to Ownership: From Order to Registration
Ownership doesn't happen instantly; it follows a regulated cycle known as T+2 (Trade date + 2 working days). While Thndr updates your portfolio immediately so you can manage your positions, the legal "paperwork" happens in the background.
1. Execution (The Trade)
Once you submit an order, Thndr routes it to the Egyptian Exchange (EGX). When a seller is found, the trade is executed. At this stage, the trade is "fulfilled," and Thndr reflects the change on your portfolio in the app immediately.
2. Settlement (The Transfer)
After execution, the trade enters the clearing and settlement process managed by Misr for Central Clearing, Depository & Registry (MCDR). During this window:
Cash is moved from your account to the seller.
Shares are moved from the seller's record to yours.
3. Final Registration (Legal Ownership)
Once settlement is complete (typically T+2), the shares are officially registered in your name at the MCDR. You are now the legal owner of the stock, entitled to dividends, voting rights, and corporate actions.
Key Entities and Their Roles
Entity | Role |
Thndr | Your Broker & Custodian. Thndr acts as your broker
|
EGX | The Marketplace. The exchange where buy and sell orders are matched and executed. |
MCDR | The Central Registry. Responsible for settling trades and maintaining the official legal record of ownership. |
FRA | The Regulator. The Financial Regulatory Authority oversees all the above entities to ensure they follow the law and protect investors. |
How Your Shares Are Safeguarded
One of the most important aspects of trading on Thndr is segregation.
Independent Records: Your ownership is not limited to what you see in the Thndr app. The official record is held at the MCDR.
Asset Protection: Your shares are held in segregated accounts. This means they are kept entirely separate from Thndr’s corporate assets.
Portability: Because the shares are registered in your name at the MCDR, they remain yours even if you decide to change brokers or if something were to happen to Thndr as a company.
FAQs
Who owns my stocks on Thndr?
You are the legal owners of your stocks on Thndr. Shares are registered in your name at Misr for Central Clearing, Depository & Registry (MCDR), which maintains the official record of ownership.
Is Thndr a regulated broker?
Thndr operates under the supervision of the Financial Regulatory Authority (FRA) in Egypt. Trades are executed on the Egyptian Exchange (EGX) and settled through MCDR as part of a regulated market structure.
Are my shares safe if something happens to Thndr?
Shares are registered in your name at Misr for Central Clearing, Depository & Registry (MCDR) and held in a segregated account separate from Thndr’s own assets.
Ownership is recorded independently of Thndr, meaning your shares remain yours even if the broker is no longer operating.
Can I transfer my shares to another broker?
Shares are registered in your name at the clearing house, allowing them to remain yours independently of the broker used to access the market.
Transfers between brokers are possible, subject to the processes and requirements of the exchange and clearing system. Contact support to learn more.
What happens to the shares of someone who has passed away?
Their shares are still registered in their name, and their legal heirs have the right to inherit these shares.
Are my mutual funds and savings clouds registered at MCDR ?
No. Mutual funds and savings clouds work differently from stocks. They are registered with the authorized fund administrator of each fund, and the underlying assets are managed by the fund's asset manager. Your units are recorded in your name with the fund administrator, and the fund's underlying assets are held separately from both Thndr and the asset manager. Funds you hold in a savings cloud are invested in mutual fund units on your behalf. Those units are also registered with the fund administrator of the underlying fund, in your name, and held independently of Thndr.
In all cases — stocks, mutual funds, and savings clouds — the registry is independent of Thndr, the underlying assets are held in segregated structures, and the entire setup is regulated and supervised by the Financial Regulatory Authority (FRA). This means your holdings remain yours regardless of what happens to Thndr as a company.