ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved revised eligibility criteria for securities in the Margin Financing market, according to a statement issued on Thursday. Under the revised eligibility criteria, which is part of the Regulations of the National Clearing Company of Pakistan Limited (NCCPL), 147 securities stand eligible for financing purposes in the Margin Financing Market, officials said. NCCPL will notify the list of eligible securities while giving due notice to the market, they added. The revision in the criteria and increase in the number of securities has been approved taking into account that the Margin Financing is a counter-party risk-based product, which does not entail any centralised risk management system and that the brokers perform risk assessment for their clients, officials said.
Published in The Express Tribune, August 12th, 2011.