Karachi: Further to the NCCPL notice No. NCCPL/CM/January-12/03 dated January 17, 2012, wherein Pre-settlement Deliveries in the Deliverable Futures Contracts (DFC) and Ready markets was routed through National Clearing Company.
Considering problems being faced by the Members in handling Pre-Settlement Deliveries (PSD) in DFC Market through NCCPL, the Exchange has decided to restore its previous mechanism for pledging of Pre-settlement Deliveries in DFC Market with the Exchange effective from Monday, March 5, 2012.
Now a net-selling UIN of a DFC Security can pledge the requisite shares to the extent of his net-sold volume with the Exchange through its Pledge Group Id. B-00119 as a Pre-Settlement Deliveries after the close of market then all margins including Mark-to-Market (MtW) Losses, if any, on Pre-Settled Deliveries will immediately be dropped-out. However MtM Losses against such Pre-Settled Deliveries shall require to be deposited by the respective Members at the close of the Contract.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk