September 7, 2021 (MLN): National Clearing Company of Pakistan Limited (NCCPL) informed through a circular that the approved amendments pertaining to reforms in Margin Financing System (MFS) will be implemented from Monday, September 13, 2021.
These amendments include the Provision of MF Facility on T+1 and the availability of MF functionality during trading hours.
To note, Margin Financing Facility which was previously allowed on Trade Date or Settlement Date only; shall now also be available on Trade Date + 1 (T+1).
With regards to the MF facility, the facility was only available after the close of trading hours at PSX. However, this facility shall now also be available throughout the trading hours on a real-time basis (as per Designated Time Schedule hereinafter referred to as DTS).
The aforesaid changes are in continuation to the earlier Circular dated July 14, 2021 and July 23, 2021 regarding amendments approved in NCCPL Regulations related to reforms in MF.
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