NCCPL implements Business Continuity Framework
National Clearing Company of Pakistan Limited has devised various Risk Averse strategies for all of its services including its National Clearing & Settlement System in a bid to provide seamless services
NCCPL Business Continuity Management System Endures Success
National Clearing Company of Pakistan Limited has implemented Business Continuity Management system as a strategic part of all of its core services, thus ensuring service reliability and enhancing customer confidence.
Business Continuity Management systems allows any company to evaluate the impact of a disruption based on comprehensive Risk Assessment and ensuring development of business continuity system to mitigate all such risks, thus ascertaining continuous business operations.
Karachi – 3rd June 2016
NCCPL is a significant element of Pakistan's Capital Market that provides centralized Clear and Settlement Services for all trades/transactions executed at the Pakistan Stock Exchange Limited in the Equities, Derivatives and Debt Market.NCCPL is a significant element of Pakistan's Capital Market that provides centralized Clear and Settlement Services for all trades/transactions executed at the Pakistan Stock Exchange Limited in the Equities, Derivatives and Debt Market.National Custodial Services (NCS) has been developed to provide centralized clearing, settlement and custodial services for the capital market investors.The NCS enables the investors to maintain their cash and securities with NCCPL while continuing to execute their trade through the Trading Right Entitlement Certificate "TREC"holders of the Pakistan Stock Exchange
National Clearing Company of Pakistan Limited (NCCPL), which provides clearing and settlement services to Pakistan Stock exchange, announced that the company has implemented a Business Continuity Management system which is one of the most reliable approaches for increasing credibility for its business services.
For this purpose, a Disaster Recovery (DR) drill was successfully conducted, whereby all core services connecting either through LAN, WAN, Dialup or Internet, were provided from their Disaster Recovery / Alternate Processing Site.
At this event, NCCPL Leadership shared their views:
Chief Information Officer (CIO) stated, NCCPL mission is to ensure continuous, uninterrupted and reliable services to ensure Efficient, Effective and Reliable Clearing & Settlement Services. We continuously challenge our self and built new landmarks. Effective Business Continuity is a part of our strategic direction and we are committed to ensure its continuous improvement. We have implemented state of the art technology, solution and resilience strategies for managing potential distribution and risks. Our strategic alignment is tested through resumption of business critical activities in acceptable timescale. Our history of excellence is based on struggle of continuous improvement converting impossibilities into possibilities and priority towards client centricity.
Amir Akhtar Jamili working as a Head of Information Security in NCCPL, shared his views, NCCPL is adopting proactive measures for managing risks and has implemented international best practices for Business Continuity Management system. We are devoted to ensure our services continuity through identifying and managing critical risks. For this purpose, our focus is not only on Technology but also on corporate training programs for our employees and engaging all our stakeholders. Our appropriate and agile contingencies program is building confidence in our customers.