# National Clearing Company of Pak

> National Clearing Company of Pakistan Limited operates Pakistan’s centralized securities clearing and settlement infrastructure, acts as a central counterparty, and provides risk management, investor identification, KYC, custody and tax-administration services.

- **Founded:** 2001
- **Headquarters:** Karachi, Pakistan
- **Products:** National Clearing & Settlement System (NCSS), Central counterparty and risk management, Unique Identification Number (UIN), Centralized KYC Organization (CKO), National Custodial Services (NCS)
- **Notable:** Centralized the clearing functions of three former stock exchanges., Assumed central counterparty and centralized market risk-management duties in May 2016., Implemented T+1 settlement with PSX and CDC in February 2026.

## Products & services

- **National Clearing & Settlement System (NCSS)** — Automated clearing and settlement across PSX market segments, with netting, automated pay and collect, and delivery versus payment.
- **Central counterparty and risk management** — Novation, margin and settlement-risk controls, supported by the Settlement Guarantee Fund.
- **Unique Identification Number (UIN)** — Investor identification linking client codes and securities settlement records.
- **Centralized KYC Organization (CKO)** — Centralized investor verification and KYC records for authorized intermediaries.
- **National Custodial Services (NCS)** — Optional direct settlement and custody of investor cash and securities while trading through brokers.
- **NCConnect** — Mobile access to investor account, trade, ledger and capital-gains information.
- **NCC BioVerify** — Contactless biometric verification for investor identity checks.
- **Smart CKO Portal** — Digital onboarding route for eligible new resident Pakistani individual investors.
- **Margin Trading System (MTS)** — Financing facility for eligible pre-identified ready-market leverage purchases.
- **Margin Financing System (MFS)** — System for recording and settling participant financing transactions.
- **Securities Lending & Borrowing (SLB)** — Temporary securities lending and borrowing to support delivery and market activity.
- **Murabahah Share Financing (MSF)** — Shariah-compliant share-financing infrastructure.
- **Capital Gains Tax system** — Computation and collection of applicable capital gains tax on behalf of the Federal Board of Revenue.
- **Government debt securities services** — Special-purpose primary-dealer services for client government-debt transactions.

## Achievements

- Centralized the clearing functions of three former stock exchanges.
- Assumed central counterparty and centralized market risk-management duties in May 2016.
- Implemented T+1 settlement with PSX and CDC in February 2026.
- Launched Smart CKO Portal in May 2024.

## Latest updates

- **2026-04** — NCCPL’s media listing records an April 28 MoU with Baku Stock Exchange on capital-market infrastructure cooperation.
- **2026-04** — Signed an April 16 MoU with HABIBMETRO to explore banking-sector integration and margin-trading finance.
- **2026-02** — Confirmed successful T+1 implementation on February 9 and settlement of those trades on February 10.
- **2025-09** — Media listing records introduction of API-based KYC information updates on September 12.

## Links

- Website: https://www.nccpl.com.pk/
- LinkedIn: https://www.linkedin.com/company/national-clearing-company-of-pakistan-ltd/
- Twitter/X: https://x.com/NCCPLPK
- YouTube: https://www.youtube.com/channel/UCBxwkapiwCuoVzHjAUQ65qA
- Instagram: https://www.instagram.com/nccplpk/
- Facebook: https://www.facebook.com/NCCPLPK/

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Profile page: https://yespress.io/national-clearing-company-of-pak
Published by YesPress — https://yespress.io
Last updated: 2026-10-26