Karachi: National Clearing Company of Pakistan Limited
This is with reference to the registration of clients by the Broker Clearing Members (BCMs) through Unique Identification Number (“UIN”) Registration Screen of National Clearing and Settlement System (NCSS).
In this respect, BCMs are required to register theft clients at least one business day prior to initiate trading of such client in the Stock Exchange. However, in order to bring more efficiency in the trading system and to provide maximum facilitation to Clearing Members (CMs), we are pleased to inform you that National Clearing Company of Pakistan Limited (“NCCPL”), in coordination with the Stock Exchanges has developed a mechanism whereby, client codes registered in NCSS by BCMs will be transmitted to the Stock Exchanges on the same day as per the Designated Time Schedule (“DTS”) of NCSS. Accordingly, BCMs will now be able to execute trades on their newly registered client codes on the same day of registration effective from Monday 26, 2012.
For any further information or queries please feel free to contact the Customer Support Department of your respective locations.
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For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136