The Karachi Stock Exchange (Guarantee) Limited’s notice for awareness session for market participants on settlement of negotiated deals (NDs)/ off market transactions through NCSS
Karachi: As notified vide NCCPL Notice No, NCCPL/CM/March-12/13 and subsequently vide KSE Notice No. KSE/N-452 both dated March 21, 2012 that effective from Monday, March 26, 2012 all Negotiated Deals (NDS)/Off-Market Transactions reported to the Exchange will be clearing and settled through National Clearing and Settlement System (NCSS) at National Clearing Company of Pakistan Limited (NCGPL) on Trade-for-Trade Balance Order Mechanism. In this regard, we have arranged an awareness session jointly with NCCPL and CDC in KSE Auditorium at 4:00 P.M. today, March 22, 2012 wherein a brief presentation will be given to all market participants.
All Members are requested to attend this important session along with their senior staff for better understanding the clearing and settlement mechanism applicable on Negotiated Deals/Off Market transactions reported through Negotiated Deals Market (NDM) on KATS.
For The Karachi Stock Exchange (Guarantee) Limited (KSE)
Risk Management and Market Control and Surveillance
Request for Joint Participation far session:
1. All Head of Departments, KSE
2. Head of Operations NCCPL
3. Read of Operations, CDCPL
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136