Final Newsletter.pdf
Transcript of Final Newsletter.pdf
New
sletter Contents:
02
CLEAR CALL
July-Sep. 2014NATIONAL CLEARING COMPANYOF PAKISTAN LIMITED
• Key Developments
03• Seminars & Conferences
04• Training & Workshops
05• Business Statistics
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II. Cost of Bonus Shares
In the amendment, at the time of credit of bonus shares in the shareholders account, the cost of shares would be the price prevailing on first day of book closure (ex-price). However, the cost of old shares would remain the same before and after bonus declaration.
B. Annual Certificates of Capital Gain Tax
As per the requirements of Income Tax Ordinance, 2001, NCCPL shall issue an annual certificate to the taxpayer on the prescribed form in respect of capital gains for a financial year. Accordingly, annual certificates of capital gains for the period from July 01, 2013 to June 30, 2014, showing computation of capital gains and tax thereon have been issued to respective income taxpayers/investors by NCCPL.
A. Modification of NCCPL CGT System
NCCPL has modified its CGT System to incorporate following amendments introduced in the Finance Act, 2014.
I. Revision of Holding Period & Tax Rates
Revised CGT holding period and applicable tax rates are as follows:
1. Key Developments
Holding Period Applicable RateSecurities held for a period less than 12 months 12.5%
Securities held for a period more than 12 months but less than 24 months 10%
Securities held for a period more than 24 months 0%
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2. Seminars and Conferences
NCCPL participated in the 11th CFA Pakistan Annual Excellence Awards Ceremony conducted by the CFA Society of Pakistan. NCCPL was one of the main sponsors for the event. The Chairman and MD of Karachi Stock Exchange graced the occasion along with dignitaries from the financial sector. The main objectives of the awards ceremony were to value the key achievements and incessant contribution of participants in the financial sector. CEO NCCPL, Mr. Muhammad Luqman, received the sponsorship award from the Chairman of Karachi Stock Exchange, Mr. Muneer Kamal.
CFA Pakistan Excellence Awards 11th
This Conference was organized by China Central Depository & Clearing Company Limited with its prime focus on discussions of directions and paths of regionalization and globalization, CSD measures to remain sustainable, PFMI framework for comprehensive risk management and business diversification of Asia and Pacific CSDs. Mr. Amir Mobin, Chief Compliance & Risk Officer and Mr. Muhammad Asif, Head of Operations were the delegates from NCCPL in this Conference.
18thACG Asia PacificCSD Conference in China
This Seminar was organized by Professional Accountants Forum for providing clear understanding of New Income Tax Returns, Wealth Statement, Wealth Reconciliation and Compliance owing to Alternate Corporate Tax. It was attended by M/s. Adil Siddiqui, Muhammad Saad, Umair Iqbal Siddiqui & Muhammad Salman from the Finance Department.
Seminar on New Income Tax Forms &Alternative Corporate Tax
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NCCPL is an Information Security Management System ("ISMS") certified entity compliant with ISO/IEC 27001:2005 standard. SGS is the world’s leading inspection, verification, testing and certification company which is recognized as the global benchmark for quality and integrity.
In order to carry out the transition from ISO 27001:2005 to ISO 27001:2013 as required for ISMS auditors a training was organized by SGS Pakistan which was attended by Mr. Imran Merchant, member of Information Security Team of NCCPL.
Transition To Upgraded ISMS Certification
3.Training & Workshops
Workshop on Practical Approachto Online Filing Required by SECP
This Highly interactive Workshop provided the participants with sound knowledge of how to use eServices, electronic filing of returns required to be filed by the companies under the Companies Ordinance,1984, and understand the content with practical application. Mr. Muhammad Salman of Company Secretariat & Mr.Umair Iqbal Siddiqui of Finance Department participated in the Workshop.
Information Security Management Systems Auditor Transition CourseISO/IEC 27001: 2013
held by SGS Pakistan (Private) LimitedOn 18-19 September 2014 at Royal Rodale, Karachi.
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4. Business Statistics
Broker Clearing Members Non-Broker Clearing MembersIAS Account Clearing MembersCustodian Clearing Members
Settling Banks
310
22
1
147
5
NCC Participants as of September, 2014
S.No. Members During the Quarter As of September, 2014
1 Total Broker Clearing Members 37 310
2 Total Non-Broker Clearing Members 1 147
3 Total IAS Account Clearing Members - 1
4 Total Custodian Clearing Members - 5
5 Total MF Finance Clearing Members - 22
6 Total MF Financier Clearing Members - 22
7 Total Settling Banks 1 22
Addition in NCC Participants:
PAKISTAN INSTITUTE OF MANAGEMENT (KARACHI)
This training was organized by Pakistan Institute of Management (PIM) to improve participants’ skills and to make them more effective and productive for their respective organizations. It was attended by M/s. Majid Khan and Anas Ali Khan of Information Technology Department.
EffectiveTime ManagementTraining
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Clearing Members that Joined NCSS:
S.No. CM Name Type1 H.H.K. SECURITIES (PVT.) LTD. BCM
2 MAS CAPITAL SECURITIES (PVT.) LTD. BCM
3 MAZHAR HUSSAIN SECURITIES (PVT.) LTD. BCM
4 BEAMING INVESTMENT & SECURITIES (PVT.) LTD. BCM
5 SHEHZAD CHAMDIA SECURITIES (PVT.) LTD. BCM
6 SHER CAPITAL EQUITIES (PVT.) LTD. BCM
7 H.M.Y. SECURITIES (PVT.) LTD. BCM
8 PARDESI SECURITIES (PVT.) LTD. BCM
9 QF SECURITIES (PVT.) LTD. BCM
10 MUHAMMAD ANAF KAPADIA SECURITIES (SMC-PVT.) LTD. BCM
11 MAK SECURITIES (PVT.) LTD. BCM
12 ABID INVESTMENTS (PVT.) LTD. BCM
13 FORT INVESTMENTS (PVT.) LTD. BCM
14 SCHON CAPITAL MARKETS LIMITED BCM
15 MASONS SECURITIES (PVT.) LTD. BCM
16 OMNI CAPITAL MANAGEMENT (PVT.) LTD. BCM
17 SMART INVESTMENTS CAPITAL MANAGEMENT (PVT.) LTD. BCM
18 MBJ SECURITIES (PVT.) LTD. BCM
19 H.R. SECURITIES & BROKERAGE (PVT.) LTD. BCM
20 R.F.J. EQUITY (PVT.) LTD. BCM
21 FORT SECURITIES (PVT.) LTD. BCM
22 FINE SECURITIES (SMC-PVT.) LTD. BCM
23 STAR SECURITIES (PVT.) LTD. BCM
24 R.T. SECURITIES (PVT.) LTD. BCM
25 PRIME CAPITAL MANAGEMENT (PVT.) LTD. BCM
26 TUMBI SECURITIES (PVT.) LTD. BCM
27 HP SECURITIES (PVT.) LTD. BCM
28 FIRST CHOICE SECURITIES LIMITED BCM
29 STABLE SECURITIES (PVT.) LTD. BCM
30 MYM EQUITIES (PVT.) LTD. BCM
31 NAVEED CAPITAL SERVICES (PVT.) LTD. BCM
32 SOHAIL RAZA MOOSANI (SMC-PVT.) LTD. BCM
33 SMB SECURITIES (PVT.) LTD. BCM
34 AZIZ DAWOOD SECURITIES (PVT.) LTD. BCM
35 BEST SECURITIES (PVT.) LTD. BCM
36 UNION SECURITIES (PVT.) LTD. BCM
37 AB EQUITIES (PVT.) LTD. BCM
38 AIML A/C. ASKARI ISLAMIC INCOME FUND NBCM
14.516
7.664
16.97
13.396
19.436
14.134
JulyGross Buy Amount Gross Sell Amount
August September
20.00
15.00
10.00
5.00
0.00
Bill
ions
Foreign Investor Portfolio Investment (FIPI)07
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Addition in Eligible Securities:
S.No. Particular During the Quarter As of September 2014
1 NCSS Eligible Security 9 553
2 IDS Eligible Security 9 524
3 TFC Eligible Security 1 20
4 BOND Eligible Security 0 2
5 SUKUK Eligible Security 2 5
6 BTB Eligible Security 6 497
7 MF Eligible Security 6 478
8 MTS Eligible Security 4 39
9 SLB Eligible Security 7 484
10 Unlisted TFC Security - 26
11 Eligible Securities as Collateral for FIRMS - 109
12 Eligible TFCs as Collateral for FIRMS - 4
Addition in NCSS Eligible Securities:
S.No. Security Name Symbol
1 SERVICE Industries Textiles Limited SERT
2 S. S. Oil Mills Limited SSOM
3 NIB Bank Limited - TFC (19-06-2014) NIBTFC2
4 Colony Textile Mills Limited CTM
5 Engro Corporate Ltd-Islamic Rupiya-Sukuk1 ENGROSC
6 Engro Corporate Ltd-Islamic Rupiya-Sukuk2 ENGROSC2
7 TRG Pakistan Limited - Class - (A) - LoR TRGR
8 Engro Powergen Qadirpur Limited (Provisional Listing) EPQL
9 BankIslami Pakistan Limited - LoR BIPLR
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S.No. Particular During the Quarter Active UIN as of September, 2014.
1 Individual 5,615 205,653
2 Corporate Company 37 1,423
3 Corporate /Individual Broker 2 264
4 Fund / Others 27 1,041
5 Foreigner Individual 276 5,240
Registered Unique Identification Number (UIN):
S.No. UIN TYPE Active Client Codes as of September, 2014
1 Individuals 210,2152 Corporate Companies 5,0423 Corporate / Individual Brokers 2,6904 Funds / Others 7,1115 Foreigner Individuals 5,174
Total 230,232
Registered Client Codes:
Settlement Reports:
1 July 2,565,357,665 130,948,509,890
2 August 3,050,656,929 145,769,926,053
3 September 3,963,159,365 190,545,749,173
9,579,173,959 467,264,185,116
1,256,397,685 58,779,180,846 44.89 1,648,698,158 78,921,032,067 60.27
1,338,180,280 60,512,532,507 41.51 1,800,241,247 81,831,232,234 56.14
1,664,587,624 79,012,052,110 41.47 2,484,888,363 108,080,754,226 56.72
4,259,165,589 198,303,765,464 42.44 5,933,827,768 268,833,018,527 57.53
S.No. Month Trade Volume Trade Value
Based on UIN-wise/Symbol-wise Net Position
SettlementValue
%ageSettlement
ValueSettlement
Volume
Based on CM-wise/Symbol-wise Net Position
SettlementVolume
SettlementValue
%ageSettlement
Value
Per Day Avg. Exposure during the Quarter 40,478,609 DEBT MARKET EXPOSURE
No. of Volume of Value ofS.No. Description Trades/ Trades/ Trades / Transactions Transactions Transactions
1 Exchange Trade / Transactions 3,224,584 9,579,173,959 467,264,185,117
2 Broker-to-Broker (BTB) Transactions 525,463 1,072,341,809 52,371,677,409
3 Institutional Delivery System (IDS) Transactions 342,512 2,007,459,466 137,118,507,275
4 Debt Market Transactions 103 474,171 2,428,716,555
5 Margin Trading System (MTS) Transactions 17,499 339,371,800 12,956,455,095
6 Margin Trading System Release (MTSR) Transactions 36,854 355,746,900 13,521,534,435
7 Security Lending & Borrowing (SLB) Transactions - - -
8 Security Lending & Borrowing Release (SLBR) Transactions - - -
9 Margin Financing (MF) Transactions 8,596 113,108,680 2,795,717,212
Exchange Trades and Non-Exchange Transactions:
Margin Trading System (MTS) Summary:
-
100
200
300
400
500
600
Thou
sand
s
Oct-13 Nov-13 Dec-13 Jan-14Jul 13 Aug-13 Sep-13 Feb-14 Mar-14 Apr-14 May-14 Jun-14 July-14 Aug-14 Sep-14
Month-wise BO Settlement
465
327
378
241 282
439
595
438
426
541
361
404 400
243253
Month-wise Balance Order "BO" Settlement for the last 15 Months
Description Per day during the Quarter By the end of Quarter
Open Position 2,819,430,450 2,293,218,455
Rate of Interest 13.69 13.61
MTS Open Position / Rate of Interest
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Milli
ons
Month-wise Settlement Volume for the last 15 Months
Month-wise Volume Settlement
1,000
500
-
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2,200
3,550
2,785
2,235
1,673 1,662
2,883
4,231
3,127 3,076
4,104
2,871
2,271
Oct-13 Nov-13 Jan-14Dec-13Jul 13 Aug-13 Sep-13 Feb-14 Mar-14 Apr-14 May-14 Jun-14 July-14 Aug-14 Sep-14
1,575
1,719
July-14 Aug-14 Sep-14
40,000
20,000
-
60,000
80,000
100,000
120,000
140,000
160,000
Milli
ons
127,540 121,474
127,540
88,710
92,308
56,696 69,543
106,423
127,802
92,373
147,641
85,665
123,949 108,643
77,369
80,864
Oct-13 Nov-13 Jan-14Dec-13Jul 13 Aug-13 Sep-13 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Month-wise Settlement Value for the last 15 Months
Month-wise Value Settlement
Karachi Head Office8th Floor, Karachi StockExchange Building,Stock Exchange Road,Karachi - 74000, PakistanTel: (92-21) 32460811-19Fax: (92-21) 32460827
Lahore OfficeRoom #M-14, Mezzanine Floor,Lahore Stock Exchange Building,19 Khayaban-e-Aiwan-e-Iqbal,Lahore – 54000Tel: (92-42) 36280815-7Fax No. (92-42) 36280818
Dadex Office4th Floor, Dadex House, 34-A/1 Block-6, P.E.C.H.Society,Shahra-e-Faisal,Karachi - 75400, PakistanTel: (92-21) 34302362-69 Fax: (92-21) 34302361
Islamabad OfficeOffice #409, 4th Floor ISE Towers, 55-B Jinnah Ave., Blue Area,Islamabad - 44000, PakistanTel: (92-51) 2895460-2Fax: (92-51) 2895463
NATIONAL CLEARING COMPANYOF PAKISTAN LIMITED
www.nccpl.com.pk
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