NCCPL to conduct 2-day business continuity drill on Sep 19-20

September 18, 2024 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) will conduct a two-day Business Continuity and Crisis Management drill from Thursday, September 19 to Friday, September 20, 2024.

During this period, all NCCPL services will be delivered to Market Participants and Settling Banks via NCCPL’s Alternate Processing Site (APS).

All clients will connect to NCCPL systems as usual, without needing any modifications.

The following services will be accessible through the alternate site:

• National Clearing and Settlement System (NCSS)
• Capital Gains Tax (CGT) System
• Margin Trading System (MTS)
• Margin Financing System (MFS)
• Murabahah Share Financing (MSF)
• Securities Lending and Borrowing (SLB) System
• Risk Management System (RMS)
• National Custodial Services (NCS)
• UIN Information System (UIS)
• Centralized Know Your Customer (KYC)
• CKO Biometric System
• NCC BioVerify App
• NCConnect Mobile App
• Online Account Services

Benefits of the Business Continuity and Crisis Management Exercise

• Enhances the reliability and efficiency of NCCPL services, ensuring uninterrupted operations in the event of any unforeseen circumstances.
• Evaluate the resilience of NCCPL systems against adverse situations.

Please note that during the switchover activities, the following services will be temporarily unavailable at the time mentioned below:

• Online Account Services     
• UIN Information System (UIS)
• NCC BioVerify App
• NCConnect Mobile App

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