Mashreq Bank becomes non-broker clearing member with NCCPL

By MG News | June 16, 2025 at 11:40 AM GMT+05:00

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June 16, 2025 (MLN): Mashreq Bank Pakistan Limited has activated its Non-Broker Clearing Member account with the National Clearing Company of Pakistan Limited (NCCPL) for direct clearing and settlement.

This development is in reference to the implementation of the Financial Institutions (FIs) Margining System, the company's filing on PSX revealed today.

The process will be managed through the Institutional Delivery System (IDS) module of the National Clearing and Settlement System (NCSS), effective from 16 June 2025.

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