57 securities to be eligible in SLB system: NCCPL

The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that 57 securities would be eligible in Securities Lending and Borrowing (SLB) system to be implemented at all the three stock exchange from March 21, 2011.
The NCCPL has been registered as an Authorised Intermediary, to implement leveraged market products (Margin Trading System, Margin Financing System and Securities Lending and Borrowing) by the Securities and Exchange Commission of Pakistan (SECP), in accordance with the Rule 3 of the Securities (Leveraged Markets and Pledging) Rules, 2011.
In this respect, the NCCPL has already announced that the Margin Trading System and Margin Financing System would be implemented at all three stock exchanges from March 14, 2011 while the Securities Lending and Borrowing will also be implemented by NCCPL, in the capacity of an Authorised Intermediary, effective from Monday, March 21, 2011.
The NCCPL has asked all the Clearing Members to complete the admission formalities, as soon as possible well before the aforementioned implementation date, so as to participate in SLB System in the capacity of Lender and Borrower, as the case may be.
The 57 eligible securities in the SLB system are including Allied Bank Limited, Arif Habib Corporation Limited, Arif Habib Limited, Adamjee Insurance Company Limited, Askari Bank Limited, Amtex Limited, Azgard Nine Limited, Attock Petroleum Limited, Attock Refinery Limited, Bank Al Falah Limited, Bank Al Habib Limited, The Bank of Punjab Limited, Byco Petroleum Pakistan Limited, Cherat Papersack Limited, DG Khan Cement Company Limited, Engro Corporation Limited, Engro Polymer and Chemicals Limited, Faysal Bank Limited, Fatima Fertiliser Company Limited, Fauji Cement Company Limited, Fauji Fertiliser Bin Qasim Limited, Fauji Fertiliser Company Limited, Ghani Gases Limited, Habib Bank Limited, The Hub Power Company Limited, ICI Pakistan Limited, Jahangir Siddiqui and Company Limited, Kot Addu Power Company Limited, Lotte Pakistan PTA Limited, Lucky Cement Limited, Mari Gas Company Limited, MCB Bank Limited, Millat Tractors Limited, National Bank of Pakistan, Nishat (Chunian) Limited, Nishat Chunian Power Limited, Netsol Technologies Limited, Nishat Mills Limited, Nishat Power Limited, National Refinery Limited, Oil and Gas Development Company Limited, Pak Elektron Limited, Pakistan Reinsurance Company Limited, PICIC Growth Fund, Packages Limited, Pakistan Oilfields Limited, Pakistan Petroleum Limited, Pakistan Refinery Limited, Pakistan State Oil Company Limited, Pakistan Telecommunication Company Limited, Sui Northern Gas Pipelines Limited, Sitara Peroxide Limited, Sui Southern Gas Company Limited, Thal Limited, Treet Corporation Limited, TRG Pakistan Limited - Class - (A) and United Bank Limited.