National Clearing Company of Pak Ltd. (Official)
Financial Services - Karachi, Sindh, Pakistan
National Clearing Company of Pak Ltd. (Official) Employees
National Clearing Company of Pak Ltd. (Official) Senior Management
National Clearing Company of Pak Ltd. (Official) Details
National Clearing Company of Pakistan Limited (NCCPL) is a significant institution of Pakistan's Capital Market providing clearing and settelment services to all three stock exchanges in the country. As a part of Capital Market Development Programme of Asian Development Bank (ADB) in Pakistan, the Capital Market Project Consultants, Arthur Anderson & Company were given mandate to develop recommendations for a National Clearing & Settelment System (NCSS) to replace the separate and individual Clearing Houses of three Stock Exchanges, namely Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange by a single and centralized entity. Accordingly the Company was incorporated on July 3, 2001 to manage and operate the National Clearing & Settlement System (NCSS) in a fully automated electronic settlement system. NCSS Live Operations commenced from December 24, 2001. However, the Company became fully operational in the year 2003-04 by inducting and handling clearing and settlement of all book-entry securities through NCSS. Thereafter, any security which becomes live in Central Depository System, on ready status, is accordingly inducted into the NCSS. The Capital Market of Pakistan has a traingular foundation comprising of the stock exchanges, Depository Company and NCCPL; the goal of all being an economically stronger, more prosperous Pakistani Capital Market. Armed wih this vision, NCCPL is playing a significant role in ensuring growth and prosperity to the Capital Market of Pakistan.
