In the recent notice sent to clearing members / settling banks, Pakistan Stock exchange (PSX) will be joining hands with National Clearing Company of Pakistan Limited (NCCPL) and Central Depository Company of Pakistan Limited (CDC) to conduct awareness sessions to review In-house Financing.
The Securities and Exchange Commission formed a committee to review the matter of in-house financing and to suggest recommendations for viable solutions to address the issues of market participants in relation to financing by brokers. The committee submitted its report to the SECP suggesting recommendations including directions for enhancing the existing Margin Financing System (MFS).
In order to enlighten the market participants regarding the committee’s recommendations, National Clearing Company of Pakistan Limited (NCCPL), Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC) will be jointly holding awareness sessions for the Broker Clearing Members and Banks.
The first session is scheduled to be held on Thursday, 13th April, 2017 at PSX Auditorium, Karachi.
