NCSS releases FFBL clearing, settlement schedule
MG News | December 11, 2024 at 12:22 PM GMT+05:00
December 11, 2024 (MLN): Following the suspension of Fauji Fertilizer Bin Qasim Limited (FFBL) shares, effective December 23, 2024, the NCSS has released the clearing and settlement schedule for Regular and Leverage Market Trading.
According to the notification issued by PSX, the following is the schedule:
- Regular Market: Pending deliveries for unsettled trades will undergo close-out processes between December 19 and December 24, 2024.
- Leverage Market: Positions in Margin Trading, Share Financing, and Securities Lending will be closed or adjusted following specific settlement schedules.
- Margin Eligibility: FFBL securities will no longer qualify as margin-eligible collateral starting December 19, 2024.
It is important to note that FFBL deposited with NCCPL as Collateral for Regular, DFC and Leverage Markets shall be excluded from the list of Margin Eligible Securities (“MES”) effective from December 19, 2024.
This suspension results from FFBL's amalgamation with Fauji Fertilizer Company Limited (FFC).
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