NCCPL welcomes Faysal Islamic, Alfalah Financial Funds as new clearing members

MG News | August 22, 2024 at 11:03 AM GMT+05:00

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August 22, 2024 (MLN): Faysal Islamic Asset Allocation Fund II and Alfalah Financial Value Fund P-I have activated their Non-Broker Clearing Member account with the National Clearing Company of Pakistan Limited (NCCPL).

This activation was communicated to market participants through a notice issued today.

Moreover, it allows for direct clearing and settlement, as well as risk management through the Institutional Delivery System (IDS) module of the National Clearing and Settlement System (NCSS).

The effective date of this activation is August 21, 2024, said NCCPL.

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