NCCPL issues new clearing timelines for DLL trades

June 01, 2026 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has issued a revised clearing and settlement schedule for trades in Dawood Lawrencepur Limited (DLL) ahead of a change in the company's share face value, effective June 8, 2026.

The development follows a notice issued by the Pakistan Stock Exchange (PSX) which prompted NCCPL to outline specific timelines for both the regular and leverage markets to ensure an orderly transition.

Under the revised schedule for the regular market, trades executed on June 3 will settle on June 4 under a T+1 cycle, with any pending deliveries subject to square-up or close-out by June 5.

Trades on June 4 will settle on June 5, while June 5 trades will follow a T+0 same-day settlement, with all pending deliveries to be closed out on that date.

Netting between T+1 and T+0 trades falling on the same settlement date will not be permitted, and IDS facilities of all types will be unavailable for T+0 trading.

For the leverage market, new positions under both the Margin Financing System (MFS) and Securities Lending and Borrowing (SLB) can be taken up until June 3, with settlement on June 4.

The last date for releasing open positions whether through MFS with or without sale, or through SLB is June 4, with settlement falling on June 5.

Any MFS open positions remaining at day-end on June 4 will be subject to forced release, with margin-financed securities transferred to the respective CDS sub-accounts of margin financees on the same day.

SLB open positions will similarly be forced released after market close on June 4.

Clearing members have been advised to factor in these timelines when managing their positions in DLL over the coming days.

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