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MEMBER REPORT

Learn about NCCPL, providing Independent Clearing & Settlement Services to Pakistan's stock exchanges since 2001. Explore its regulations, functions, and benefits.

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MEMBER REPORT

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  1. MEMBER REPORT BY NCCPL NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED

  2. FRAMEWORK • The NCCPL was incorporated on July 03, 2001 to provide Independent Clearing & Settlement Services to all the three Stock Exchanges of Pakistan. • The NCCPL commenced its NCSS Live operations from December 24, 2001. • The Company is governed by : - National Clearing and Settlement System (NCSS) Regulations - NCSS Procedures - Clearing House Companies (Registration and Regulations) Rules 2005 - Companies Ordinance 1984

  3. NCCPL – SHAREHOLDING STRUCTURE

  4. FUNCTIONS OF NCCPL • NCCPL provides Clearing & Settlement Services to the Karachi Stock Exchange, Lahore Stock Exchange & Islamabad Stock Exchange. • It accommodates the facility of Non-Exchange transactions such as Broker-To-Broker (BTB), Institutional Delivery System (IDS) and Margin Financing (MF) to the Clearing Members (CMs). • The Company provides the facility to register Unique Identification Number (UIN).

  5. FUNCTIONS OF NCCPL • BTB Module provides the facility of recording Non-Exchange transactions between broker CMs of different exchanges based on underlying exchange trades. • IDS facilitates recording Non-Exchange transactions between broker CMs and non-broker CMs based on underlying trades in Continues Funding System (CFS) and Regular markets. • MF platform facilitates broker CMs to arrange funds from other brokers or even non-broker CMs based on their purchases. • The purpose of UIN is to establish a traceable link between each trade/transaction executed by the broker on behalf of their clients or its proprietary position.

  6. MAJOR BENEFITS OF NCSS • Cross Exchange Netting for both Cash & Securities for CMs who are members of more than one stock exchange. • Settlement of Net Obligations directly between CMs as per undisclosed Balance Orders. • All UINs are issued by the NCCPL.

  7. Thank you ! NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED 8th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi – 74000 Pakistan TEL : (92-21) 246 0820-23 FAX: (92-21) 246 0827 E-Mail :lukman@nccpl.pk Website : http://www.nccpl.com.pk

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