Capital Market

National Clearing Company of Pakistan

Clearing companies provide clearing and settlement services to the stock exchanges. Transactions executed in the stock exchanges are then registered with clearing and settlement companies where the final execution of the trade takes place. In this way it reduces the risk of one or more parties failing to meet the terms of the agreement. In Pakistan the National Clearing Company of Pakistan Limited (NCCPL) is responsible for the settlement of the entire trading executed between the brokers of all three stock exchanges.