National Clearing Company of Pakistan Announces Modernization of MTS Release System

Stock Exchange Announcements

Karachi, The National Clearing Company of Pakistan Limited (NCCPL) has unveiled a comprehensive update to its MTS Release System, aimed at enhancing user experience and system performance. This modernization initiative is set to introduce a suite of new features and improvements, scheduled for full implementation by the end of April 2024.

As part of the rollout, NCCPL has planned a series of preparatory activities to ensure smooth transition and familiarization for all MTS system participants. These include an informative online session conducted via Zoom to discuss the modernization details, a mock session on April 22, 2024, for practical demonstration, and a verification period on April 27, 2024, where users can test the old and new systems side by side. The updated system is slated to go live on April 29, 2024, pending successful completion of these preliminary sessions.

The new MTS Release System features a modern interface with a cleaner, more contemporary design, significantly enhanced performance through the use of cutting-edge technologies, and advanced web reporting capabilities that offer improved data insight and custom reporting options. Additionally, the system boasts more intuitive browsing and navigation, increased reliability and security measures, and a simplified installation process.

NCCPL urges all MTS members to participate in the upcoming training and testing activities to ensure they are fully prepared to utilize the new system features effectively.