National Clearing Company of Pak Ltd. (NCCPL)

Established in 2001, the National Clearing Company of Pakistan Limited (NCCPL) is a crucial institution in Pakistan's capital market infrastructure. It is licensed as a Central Counterparty (CCP) by the Securities and Exchange Commission of Pakistan (SECP). NCCPL's core mission is to provide efficient, reliable, and secure clearing and settlement services for all securities traded on the Pakistan Stock Exchange (PSX). By acting as a central guarantor for trades, it mitigates counterparty risk and ensures the smooth functioning of the market. In addition to its primary role, NCCPL also offers other value-added services, including National Custodial Services (NCS) and acting as a Collective Investment Scheme (CIS) Administrator.