Account Opening Documents for Margin Trading System (“MTS”) have been made available for Clearing Members, see more....                    Revised Clearing & Settlement and Risk Management of Bond Automated Trading System (“BATS”) effective from May 02, 2011                    Implementation of Pre-Settlement Delivery through NCSS effective from Monday, January 30, 2012…,                    Implementation of Un-Listed TFCs Reporting System effective from Monday, January 30, 2012…,                    Implementation of Margin Financing System (“MF System”) through NCCPL effective from Monday, March 14, 2011 ….                    Implementation of Securities Lending and Borrowing ("SLB") through NCCPL effective from Monday, March 21, 2011 ….                    Implementation of Margin Trading System (“MTS”) through NCCPL effective from Monday, March 14, 2011 ….                    Modifications in Margin Trading System (“MTS”).…,                    Account Opening Documents for Margin Financing System (“MF System”) have been made available for Clearing Members, see more....                    Implementation of UIN Information System (“UIS”) effective from Monday, August 01, 2011….FAQ's and UIS Account Opening Form are also available on NCCPL Website....,                          Home | Site Map | Contact Us
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NCSS is an electronic clearing & settlement system which has been developed to replace the individual clearing houses of Pakistan’s three Stock Exchanges by a single entity.
 

Trades and transactions settled by NCSS, under Balance Order Multilateral Netting with T+2 and T+1 settlement cycle, are of two types:

1) Exchange Transactions
2) Non-Exchange Transactions

Exchange Trades / Transactions

Exchange Trades are Locked-in contracts between brokers, CMs executed through Exchange trading system in the Regular Market.

Exchange Transactions are Locked-in contracts between brokers CMs executed through Exchange Trading System.

Moreover, net-buy or net sell position of broker CMs based on their futures contracts at the close of Futures Contract Period transmitted to NCSS for settlement.

Non-Exchange Transactions

Non-Exchange Transactions are generated in NCSS based on underlying Exchange Trades/Transactions and are classified into three categories.

1) Broker to Broker (BTB) Delivery System facilitates non-Exchange transaction between broker CMs of different exchanges based on underlying exchange trader.

2) Institutional Delivery System (IDS) facilitates non-Exchange transactions between broker CMs and non-broker CMs based on underlying Ready market trades and Deliverable Future Contract Market. Moreover, IDS shall also facilitate NBCMs to settle the Future market trades at the closure of contract.

3) Margin Financing (MF) facilitates Broker CMs to arrange funds from other Broker/ Non Broker CMs based on their purchases.
 
 
 
 
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