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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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