Karachi March 13 2022: NCCPL, in line with the State Bank of Pakistan objective, has been appointed as Special Purpose Primary Dealer (SPD) to enhance participation of retail/capital market investors in Government Debt Securities (GDS).
NCCPL, in order to perform SPD role in an effective manner, has attained all pre-requisites and implemented necessary infrastructure including subscription of Bloomberg services, Direct Membership of PRISM, Money Market Dealing System and IPS System. Further, a dedicated team, duly trained for the said function, has also been engaged to administer participation and settlement of GDS in a seamless manner.
Now retail/capital market investors can participate in auction of GDS i.e. Treasury Bills and Pakistan Investment Bonds, through NCCPL where they can earn higher yields without incurring any additional cost or involvement of management fee.
The investors, in order to invest in GDS Market, will open an Investor Portfolio Securities (IPS) Account with NCCPL by submitting IPS Form along with few documents. The IPS form can be submitted directly to NCCPL or through their Securities Broker for onward submission to NCCPL.
“We are hopeful that NCCPL will contribute towards the development of GDS Market and extend its reach to existing and potential investors at both retail and corporate level by providing them avenue to earn higher returns along with cost effective, efficient and transparent services.” Says Mr. Humayun Bashir – Chairman NCCPL Board
