The National Clearing Company of Pakistan Limited (NCCPL) has asked all clearing members to complete the formalities to act as financee and/or financier in CFS Mk-II market, effective from July 14, 2008.
In a notice issued here on Tuesday, the NCCPL, referring to its earlier notice dated June 13, 2008, said that implementation of entire CFS Mk-II through NCCPL will be effective from July 14, 2008.
THE NOTICE SAID THAT ALL CLEARING MEMBERS HAVE TO COMPLETE THE FOLLOWING FORMALITIES:
1. Agreement to be signed with the NCCPL, latest by July 10, 2008.
2. Provision of Net Capital Balance Certificate along with a letter, intimating amount to be allocated to CFS Mk-II market, latest by July 10, 2008 (applicable only for financee).
3. Availability of separate PC to operate CFS Mk-II system as financee and/or financier, as the case may be, latest by July 3, 2008 (required configuration has already been notified).
4. Broker Clearing Members, desirous of operating CFS Mk-II system from the same terminal of KATS, have been requested to arrange a PC with required configuration, latest by July 3, 2008.
5. In order to avail 'Gateway' facility, all Broker Clearing Members are requested to intimate to NCCPL, along with necessary documentation. The NCCPL has advised all Clearing Members (including existing CFS Mk-II Participants) to ensure availability of their necessary staff on Saturday, July 12, 2008, for necessary arrangement/installation of CFS Mk-II system, so as to ensure their participation in CFS Mk-II market, effective from July 14, 2008.
Comments
Comments are closed.