Karachi Stock Exchange (KSE) has advised all non-broker clearing members (NBCM) to complete the required formalities to avail of the facility of IDS functionality of the National Clearing and Settlement System (NCSS) after the implementation of Financial Institutional Margining System by National Clearing Company of Pakistan Limited (NCCPL) on November 5
The NCCPL already advised all the non-member brokers clearing members to complete the required formalities. The NCCPL further advised all the financial institutions, currently acquiring the status of non-member brokers with NCCPL, to complete the required formalities by December 7, failing which they would not be able to avail of the facility of IDS of NCSS. The KSE advised all the members to communicate with their institutional clients to ensure compliance of the relevant formalities within the prescribed time.