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  Home > Securities > TFCs Eligible for FIRMS / CFS MK-II

List of Term Finance Certificates (TFCs) Acceptable as Collateral Against Exposure Margins and Mark-to-Market Losses

 
Enter Name of Term Finance Certificate :  
 
Name of Term Finance Certificate Credit Rating Listed SE CDS Eligible Applicable Haircut
Bank Al-Habib Limited (15-07-2004) AA KSE Y 20%
Engro Fertilizer Limited (30-11-2007) AA KSE Y 20%
Financial Receivables Securitization Company Limited (A) (17-01-2007) A+ LSE Y 30%
Financial Receivables Securitization Company Limited (B) (17-01-2007) A+ LSE Y 30%
NIB Bank Limited (05-03-2008) A+ KSE Y 30%
WorldCall Telecom Limited (28-11-2006) A LSE Y 30%
Bank Al-Habib Limited (07-02-2007) AA KSE Y 20%
Soneri Bank Limited (05-05-2005) A+ KSE Y 30%
Worldcall Telecom Limited (07-10-2008) A LSE Y 30%
Bank Alfalah Limited (25-11-2005) AA- LSE Y 20%
The Royal Bank of Scotland (ABN AMRO) (10-02-2005) AA- LSE Y 20%
Allied Bank Limited (06-12-2006) AA- KSE Y 20%
United Bank Limited (14-02-2008) AA KSE Y 20%
United Bank Limited (08-09-2006) AA KSE Y 20%
United Bank Limited (15-03-2005) AA KSE Y 20%
United Bank Limited (10-08-2004) AA KSE Y 20%
Standard Chartered Bank (01-02-2006) AAA KSE Y 20%
Pakistan Mobile Communications (31-05-2006) AA- ISE Y 20%
Pak Arab Fertilizers Limited (28-02-2008) AA KSE Y 20%
Orix Leasing Pakistan (25-05-2007) AA+ KSE Y 20%
Jahangir Siddiqui & Co. Ltd. (21-11-2006) AA+ ISE Y 20%
IGI Investment Bank Ltd. (First Int'l Inv. Bank) (11-07-2006) A+ LSE Y 30%
Faysal Bank Limited (12-11-2007) AA- KSE Y 20%
Escort Investment Bank (15-03-2007) A+ LSE Y 30%
Bank Alfalah Limited (23-11-2004) AA- LSE Y 20%
Askari Commercial Bank Limited (31-10-2005) AA- LSE Y 20%
Askari Commercial Bank Limited (04-02-2005) AA- LSE Y 20%
 
The ratings have been obtained from the websites of PACRA and JCRVIS.
As per the National Clearing and Settlement System Regulations and Procedures, TFCs with a minimum remaining maturity period of one year shall be accepted as collateral against the Exposure Margins and Mark-to-Market Losses.
The haircuts have been applied in accordance with the provisions of NCSS Regulations and Procedures.
 
 
 
 
 
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