Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has successfully activated the Financial Institutions Margining System, according to information available from the Pakistan Stock Exchange (PSX). This new system allows specific financial institutions to directly manage their clearing and settlement operations.

Effective from August 21, 2024, the NCCPL announced that the Faysal Islamic Asset Allocation Fund II and the Alfalah Financial Value Fund P-I have activated their Non Broker Clearing Member accounts. These institutions will now use the Institutional Delivery System (IDS) module of the National Clearing and Settlement System (NCSS) for direct transactions in the regular market. The Faysal Islamic Asset Allocation Fund II has been assigned the clearing member ID 20040, and the Alfalah Financial Value Fund P-I has been given ID 19398.

This activation marks a significant development in the risk management capabilities of these institutions, streamlining their operational processes within Pakistan's financial markets.