Pak-Qatar Asset Management activates non-broker clearing member account

By MG News | September 18, 2024 at 11:00 AM GMT+05:00

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September 18, 2024 (MLN): Pak-Qatar Asset Management has activated its Non-Broker Clearing Member account with the National Clearing Company of Pakistan Limited (NCCPL).

It is worth noting that the specific account activated is for the PAK-QATAR ASSET ALLOCATION PLAN IIIA.

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

It allows for direct clearing and settlement and risk management through the Institutional Delivery System (IDS) module of the National Clearing and Settlement System (NCSS).

The effective date of this activation is September 18, 2024, said NCCPL.

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