Karachi January 18 2022: Based on the approved criteria for the selection of Margin Eligible Securities (MES), a list of MES Category A and Category B will be acceptable as collateral by the Company effective from Wednesday February 16, 2022 based on 30 day’s advance notice as required under NCCPL Regulations.
AZGARD NINE LIMITED (ANL), PAKISTAN REFINERY LIMITED (PRL), TELECARD LIMITED (TELE), TPL PROPERTIES LIMITED (TPLP) and WORLDCALL TELECOM LIMITED (WTL) are included in category A of MES.
ARCHROMA PAKISTAN LIMITED (ARPL), FLYING CEMENT COMPANY LIMITED (FLYING), PANTHER TYRES LIMITED (PTL), SERVICE GLOBAL FOOTWEAR LIMITED (SGF) and THATTA CEMENT COMPANY LIMITED (THCCL) are included in category B of MES.
CRESCENT STEEL & ALLIED PRODUCTS LIMITED (CSAP), GLAXOSMITHKLINE PAKISTAN LIMITED (GLAXO) and NIMIR RESINS LIMITED (NRSL) are excluded from MES list.
AGHA STEEL IND.LTD (AGHA), CENTURY PAPER & BOARD MILLS LIMITED (CEPB), FEROZSONS LABORATORIES LIMITED (FEROZ), INDUS MOTOR COMPANY LIMITED (INDU), K-ELECTRIC LIMITED (KEL), LOADS LIMITED (LOADS), SAZGAR ENGINEERING WORKS LIMITED (SAZEW), SIDDIQSONS TIN PLATE LIMITED (STPL) and THE ORGANIC MEAT COMPANY LIMITED (TOMC) are moved from Category A to Category B of MES List.
Moreover, in accordance with NCCPL Regulation 2015, the Company has also been accepting GoP Ijarah Sukuk, Pakistan Investment Bonds (PIB’s), Treasury Bills (T-Bill’s) along with the electronic units of CDS Eligible Open-End Funds as collateral which are categorized as Money Market Schemes (MMS) as prescribed in NCCPL Regulation 2015.
Furthermore, Habib Bank Limited, MCB BANK LIMITED, STANDARD CHARTERED BANK (PAKISTAN) LIMITED, NATIONAL BANK OF PAKISTAN, UNITED BANK LIMITED, ALLIED BANK OF PAKISTAN LIMITED, BANK AL HABIB LIMITED, HABIB METROPOLITAN BANK LIMITED, ASKARI BANK LIMITED, BANK ALFALAH LIMITED, MEEZAN BANK LIMITED, DUBAI ISLAMIC BANK LIMITED, SAMBA BANK LIMITED, FAYSAL BANK LIMITED, THE BANK OF PUNJAB, SONERI BANK LIMITED, JS BANK LIMITED, SINDH BANK LIMITED, BANKISLAMI PAKISTAN LIMITED, AL BARAKA BANK PAKISTAN LIMITED, THE BANK OF KHYBER and MCB ISLAMIC BANK LIMITED in terms of the definition of Bank Guarantee (BG) acceptable as collateral under the NCCPL Regulations 2015.
Clearing Members are hereby advised to update their collateral deposited with the Company in terms of new MES before Wednesday February 16, 2022, as the Company shall not accept or value any ineligible securities on or after the effective date.
