NCCPL definition

NCCPL is defined in the Recitals;
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NCCPL means the National Clearing Company of Pakistan Limited;
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Examples of NCCPL in a sentence

  • The Customer agrees that in the event that he does not abide by the timelines prescribed in the Centralized KYC Organization Regulations for submission of information and confirmation to the NCCPL, the NCCPL shall be authorized to take action as prescribed in the Centralized KYC Organization Regulations.

  • The client has an obligation to fulfill margins demand determined as per NCCPL Securities (Leveraged Markets and Pledging) Rules, 2011.

  • The Contract may be terminated by either party at any time by prior written notice of thirty days to the other subject to fulfillment of various legal and regulatory requirements including but not restricted to those required by the PSX, SECP, SBP, FBR, NCCPL, CDC, the Anti-Money Laundering Unit and other such related authorities and agencies.

  • The CDC IPS Service is operated using an internal CDC IPS System rather than the CDS; NCCPL has now expanded the pool of assets that the Securities Broker may use to meet the Margin Requirements to include certain Government Securities held by the Securities Broker and/or an Investor under the CDC IPS System.

  • Brokers Obligations; ▇▇▇▇▇▇ will execute the client order while the order will be placed and other specified in the NCCPL Securities (Leveraged Markets and Pledging) Rules, 2011.

  • The Investor hereby authorizes the Broker to pledge, from time to time, Govt Bonds held by the Investor in the Account in favour of National Clearing Company of Pakistan Limited (“NCCPL”) to meet the initial and minimum margin requirements applicable for availing settlement and clearing services of NCCPL (“Pledge”).

  • However, as the Government Securities are not CDS Eligible Securities, the Parties have now agreed to enter into this Agreement to provide for and agree on a contractual mechanism for Pledging certain Government Securities held by the Securities Broker and/or an Investor in favour of NCCPL to meet the Margin Requirements on the terms and conditions set forth herein.

  • Failure of the Securities Broker to do the needful shall result in an event of default on the part of the Securities Broker, entitling NCCPL to call the Pledge and recover the Margin Securities from the Pledged Account.

  • For such purpose, he/she may opt for UIN Information System (UIS) provided by National Clearing Company of Pakistan Limited (NCCPL).

  • Brokers Obligations; Broker will execute the client order while the order will be placed and other specified in the NCCPL Securities (Leveraged Markets and Pledging) Rules, 2011.

Related to NCCPL

  • NCCPA means the National Commission on Certification of Physician Assistants.

  • NCSC The National Cyber Security Centre (NCSC) formerly CESG is the UK government’s National Technical Authority for Information Assurance. The NCSC website is National Cyber Security Centre - ▇▇▇▇.▇▇▇.▇▇

  • FMCSA means Federal Motor Carrier Safety Administration.

  • CFPC means the College of Family Physicians of Canada.

  • NCC means the National Capital Commission;