SHCH Delegation visits NCCPL
Press Release - NCCPL
A high level delegation of Shanghai Clearing House (SHCH) China, comprising of representatives from various departments, in the leadership of Ms. Zhou Rongfang, General Manager, visited National Clearing Company of Pakistan Limited (NCCPL). The delegation met the CEO, Mr. Muhammad Lukman and other high level officials of NCCPL. This first ever visit was aimed to develop bilateral coordination and exchange of information relating to the products and services offered by both the organizations. NCCPL presented a detailed overview of the products and services offered to the Capital Market of Pakistan along with Corporate Structure & Governance, Risk Management, Operational and Financial highlights. SHCH presented an overview of their Systems and Risk Management. Both the delegates found it highly informative and agreed to continue the exchange of information and cooperation for mutual benefits. NCCPL is the center of attention after the transfer of Risk Management function from PSX in May, 2016. NCCPL is acting as a Central Counter Party and performing comprehensive Risk Management for trades in the Capital Market of Pakistan and providing Capital Gain Tax computation, determination and collection services.