Issue # 3
[THE CLEAR CALL]
The Clear Call
Highlights of this Quarter
Implementation of Unlisted TFC‟s Reporting System
Implementation of Pre-settlement Delivery through NCSS.
Same Day UIN Data Transmission Mechanism to Stock Exchanges.
Clearing and Settlement of Negotiated Deal Market (NDM) through
NCSS.
(Details Inside)
Inside this issue
Golden words
“No road is too long for him who
advances slowly and does not hurry,
and no attainment is beyond his
reach who equips himself with
patience to achieve it”.
 Operational Highlights of this quarter
 Are social networking sites good for our society?
 Employee Engagement
 Strawberry Mania @ NCCPL
 Operational Statistics
 Fun Toonssss
- Jean de La Bruyere
“Have patience with all things, but
chiefly have patience with yourself.
Do not lose courage in considering
your own imperfections but instantly
set about remedying them -- every
day begins the task anew”.
- Saint Francis de Sales
“The darkest night is often the
bridge to the brightest tomorrow”.
Please send in your contributions,
feedback and comments to
Afsheen Adnan at:
[email protected]
- Jonathan Lockwood Huie
NCCPL
NCCPL, where Transparency is Guaranteed
Page 1
Issue # 3
Same Day UIN
Data Transmission
Mechanism to Stock
Exchanges.
Previously BCMs were
required to register
their clients at least
one business day prior
to initiate the trading
of such clients in the
Stock Exchange.
However, in order to
bring more efficiency in
the trading system and
to provide maximum
facilitation to Clearing
Member
(CMs),
National
Clearing
Company of Pakistan
Limited
in
coordination with the
Stock Exchanges has
developed a mechanism
whereby, client codes
registered in NCSS by
BCMs
will be
transmitted to
the
Stock
Exchanges on
the same day as per
the Designated Time
Schedule
(DTS)
of
NCSS.
Accordingly, BCMs are
now able to execute
trades
on
their
newly
registered
client codes on the
same
day
of
registration.
This
facility was been made
available
from
Monday, March 26,
2012.
[THE CLEAR CALL]
Operational Highlights of this quarter
Clearing and
Settlement of
Negotiated Deal
Market ( NDM)
through NCSS.
Presently, brokers of
the
three
Stock
Exchanges
are
required to record
their off-market trades
in listed
securities
through Negotiated
Deal Market (NDM),
provided
by
respective
Stock
Exchanges. Clearing
and Settlement of such
NDM trades were
managed by brokers
themselves
without
any
involvement of
the Stock Exchanges
or National Clearing
Company of Pakistan
Limited.
To
bring
efficiency
and
uniformity
in
the
entire
securities
settlement processes,
NCCPL has developed
an exclusive clearing
and
settlement
system
for
trades
executed
through
NDM.
Accordingly all NDM
trades
are
being
settled by NCCPL on
Trade for Trade basis.
Implementation of
Unlisted TFC‟s
Reporting System
Un-Listed
Term
Finance
Certificates (TFCs)
constitute a
major
portion
of
Corporate Debt in
Pakistan. Previously
these Un-Listed TFCs
were traded privately
between the parties
through
a
direct
negotiation
process
without
any
systematic reporting.
NCCPL has developed
a centralized UnListed
TFC
Reporting Module
in
National
Clearing
and
Settlement System
(NCSS) for recording
and
reporting of
the Unlisted TFC‟s
Transactions in a
disclosed manner. The
said system was made
available
to the
market participants
from
Monday
January 30, 2012.
NCCPL
NCCPL, where Transparency is Guaranteed
Implementation of
Pre-Settlement
Delivery through
NCSS.
Striving to improve
the
clearing
&
settlement processes
and to
provide
facilitation
to
Clearing
Members
(CM),
PreSettlement
Delivery
(PSD)
functionality
has
been
implemented
through
National
Clearing
and
Settlement System
(NCSS)
from
Monday January
30,
2012.
Whereby CMs are
given an option to
deposit
net-sold
securities per UINwise with NCCPL on
trade
date.
Consequently,
margin requirements
to the
extent of
such PSD shall not
be taken into account
by
the
Stock
Exchanges
and
NCCPL.
Page 2
Issue # 3
[THE CLEAR CALL]
Are social networking sites good for our society?
PRO (yes)
CON (no)
Nicole Ellison, PhD, Assistant Professor of
Telecommunication, Information Studies, and
Media at Michigan State University, stated
the following entry titled "Is MySpace Good
for Society? A Freakonomics Quorum, " from
the Freakonomics blog hosted by the New
York Times:
"I believe the benefits provided by social
network sites such as Facebook have made
us better off as a society and as individuals,
and that, as they continue to be adopted by
more diverse populations, we will see an
increase in their utility. Anecdotal evidence of
positive
outcomes
from
these
technologies -- such as social activities
organized via Facebook or jobs found through
LinkedIn -- is well-known, but now a growing
corpus of
academic research on social
networks sites supports this view as well...
Social technologies never have predictable
and
absolute positive or negative effects,
which is
why social scientists dread
questions like these. In considering the
effects of social networking sites, it is clear
that there are many challenges to work
through -- the increasing commercialization of
this space, the need to construct strong
privacy protections for users, and safety
issues -- but I believe the benefits provided
by these tools far outweigh the risks."
- Nicole Ellison, PhD
Tom Hodgkinson, writer for the Guardian,
stated
the following article titled "With
Friends Like These...," published in the
Guardian:
"I despise Facebook. This enormously
successful American business describes
itself as 'a social utility that connects you
with the people around you'. But hang on.
Why
on God's earth would I need a
computer to connect with the people
around me? Why should my relationships
be mediated through the
imagination of a
bunch of supergeeks in California? What was
wrong with the pub?
And does Facebook really connect people?
Doesn't
it rather disconnect us, since
instead of doing something enjoyable such as
talking , eating and socializing with my
friends, I am merely sending them little
ungrammatical notes and amusing
photos
in cyberspace, while chained to my desk?...
Clearly, Facebook is another uber-capitalist
experiment: can you make money out of
friendship? Can you create communities free
of national
boundaries -- and then sell
Coca-Cola to them? Facebook is profoundly
uncreative.
It
simply
mediates
in
relationships that were happening anyway."
- Tom Hodgkinson
http://socialnetworking.procon.org/view.answers.php?questionID=001614
NCCPL
NCCPL, where Transparency is Guaranteed
Page 3
Issue # 3
[THE CLEAR CALL]
Employee Engagement
Building and sustaining a great work environment is critical to the business, and is the
responsibility of every leader. It sets the stage for highly trained, motivated and focused
employees to achieve their personal best. It‟s a great time to focus on people, engaging each
individual team member to help deliver solutions, transform markets and enhance lives
through products and services. It begins with putting the right people into positions of
leadership and responsibility; providing them the tools, processes and coaching to succeed; and
then holding them accountable for their team‟s performance.
Principles of Employee Engagement
Employee Engagement is connection. Connection is the key. When we disconnect
we disengage. Employee engagement is the art of engaging people in authentic and recognized
connections to strategy, roles, performance, organization, community, relationship, customers,
development, energy, and happiness to leverage, sustain, and transform work into results.
Employee Engagement must create results that matter. This means results
that are important to the employee, manager, leaders, organization, and customers. There is
little point in having engaged employees if they are not contributing and creating significant
results. Also, if the results only matter to the organization and not the employee – or the
employee and not the organization – employee engagement will not sustain over time.
Employee Engagement is fueled by energy. We must pay close attention to
mental, physical, emotional, and spiritual energy at work. In addition we need to enhance
organizational energy through meaningful connections and high quality interactions.
Employee Engagement makes a difference. Employee engagement can improve
organizational performance while also contributing to individual performance. Engagement is
much more than an attitude, a feeling, or employee satisfaction.
Employee Engagement is vital in recruitment, retention, and
satisfaction. The majority of workers want to be engaged and look for work that will engage
them. People will often leave organizations when they feel disengaged. It may even be worse for
all if they remain when they are disengaged.
Employee Engagement is here and now. Don‟t wait for survey results or diagnosis from a
management consultant. Look at the work you are doing right now and determine how you can
engage with it more fully. Look at who you are working with and determine how you can help
them to be more engaged.
NCCPL
NCCPL, where Transparency is Guaranteed
Page 4
Issue # 3
[THE CLEAR CALL]
Fun activities play a very imperative role in any organization‟s environment
and are very
essential for employee‟s motivation. NCCPL Creative Committee recently organized the first of
its type event in NCCPL (KHI, LHR, and ISB) the “Strawberry Mania”
All employees were required to wear bright color dresses. Accordingly, at the event everyone
was glowing in conspicuous colors. All employees had great fun! In NCCPL Karachi Office
Ahmed Bashir Kapadia and Umme Farwa won the Best Dress Competition according to the
occasion and received a box of Strawberries.
We also had an Extempore Speaking Competition at the event which was won by Ahmed
Bashir Kapadia and Muhammad Ashraf for their excellent renditions. Both winners won a
dinner voucher for two. Arsala Afzaal made her contribution for the event by having
Strawberry decorations around her seat. The event ended with the yummy arrangement of
refreshments which included Strawberries, icecream and samosas.
NCCPL
NCCPL, where Transparency is Guaranteed
Page 5
Issue # 3
[THE CLEAR CALL]
The NCCPL team has celebrated this event and enjoyed eating delicious, yummy, refreshing strawberries
with some laughter and had a wonderful time with everyone around. Those who were in strawberry color
were shining brilliantly and attained everyone‟s attention.
Muhammad Fuwad Junaidi
I really appreciate the Entertainment Committee‟s efforts in arranging such activities to enhance the
team work of NCCPL employees.
Muhammad Salman
Extra-curricular activities are an important aspect of an organization‟s culture and provide relief from
the hectic schedule. In this regard, the event “Strawberry Mania” at NCCPL was definitely a positive
step. Throughout the event employee contribution and excellent management are appreciable points.
.
Hira Moazzam
Such activities not only lower the work pressure but also unite all employees and give them a chance to
express their ideas as they did an interesting SPEECH CONTEST on different topics.
Saadia Yasin
This fascinating event increased alliance and collaboration among the employees, who can attain a break
from their tough schedule which is surely a positive step taken by the management. Such „Vibrant Events‟
can truly build motivation in employees.
Mahrukh Junaid
'STRAWBERRY MANIA‟ was a fantastic event full of enjoyment, fun and obviously delicious
strawberries. On behalf of Lahore office staff, I really appreciate our Entertainment Committee for
arranging such type of activities and also hope for more in the future.
Waheed Zafar Qureshi
Islamabad Branch was also fully involved in the wonderful event 'STRAWBERRY MANIA' organized by
Entertainment Committee. This event not only provided us a break from the hectic schedule of our job but
was also a nice get to gather with delicious Strawberries. The most amazing thing was the colorful dress
worn by Rana Shahid and cracking jokes from Robin.
NCCPL
NCCPL, where Transparency is Guaranteed
Zia Ur Rehman
Page 6
[THE CLEAR CALL]
Issue # 3
Operational Statistics
Management of Exchange Trades and Non Exchange Transactions
No. of Trades
Description
/Transactions
Volume of
Value of
Trades/
Trades/
Transactions
Transactions
4,853,740
14,132,253,565
335,137,079,082
953,461
2,123,521,931
46,618,745,654
452,911
2,581,490,429
101,073,392,334
109
651,286
2,772,460,340
7,031
156,580,466
5,785,639,695
12,723
165,832,756
5,544,010,984
Security Lending & Borrowing (SLB) Transactions
16
107,000
26,196,575
Security Lending & Borrowing Release (SLBR) Transactions
16
107,000
26,196,566
-
-
-
Exchange Trade/Transactions
Broker to Broker (BTB) Transactions
Institutional Delivery System (IDS)Transactions
Debt Market Transactions
Margin Trading System ( MTS) Transactions
Margin Trading System Release (MTSR) Transactions
Margin Financing (MF) Transactions
Management of Balance Order (BO)/Pay & Collect Settlement
Description
Balance Order Settlement
Pay & Collect Settlement
No. of BOs
Volume of Settlement
Value of Settlement (Rs.)
1,124,853
7,582,198,330
166,032,574,965
-
-
63,843,690,049
NCCPL
NCCPL, where Transparency is Guaranteed
Page 7
Issue # 3
[THE CLEAR CALL]
Addition to NCSS Family during this Quarter
During the Qtr
By end of the Qtr
CLEARING MEMBERS: (Total)
7
421
Total Broker Clearing Members :
2
271
Total Non Broker Clearing Members
5
146
Total Custodian Clearing Members
-
4
Total MF Financee Clearing Members
15
Total MF Financier Clearing Members
14
TYPES OF CMs:Broker Clearing Member
2
271
Custodian Clearing Members
-
4
Bank
-
20
DFI
1
7
Mutual Funds
3
107
Others
1
12
Settling Banks
1
21
Settling Bank Branches
1
32
NCSS Eligible Security
1
531
IDS Eligible Security
1
531
TFC Eligible Security
-
37
BOND Eligible Security
-
3
BTB Eligible Security
1
490
MF Eligible Security
319
465
MTS Eligible Security
-
24
SLB Eligible Security
-
38
Eligible Securities as Collateral for FIRMS
50
Eligible TFC's as Collateral for FIRMS
20
NCCPL
NCCPL, where Transparency is Guaranteed
Page 8
Issue # 3
[THE CLEAR CALL]
List of Clearing Members / Non Broker Clearing Members
joined NCSS during this Quarter
Sr. # CM Name
Type
1
JAHANZAIB GONDAL
BROKER
2
FIRST ZEIVA (PVT.) LTD.
BROKER
3
HBLAML A/C. HBL IPF DEBT SUB FUND
INSTITUTION
4
HBLAML A/C. HBL PF DEBT SUB FUND
INSTITUTION
5
ESCORTS INVESTMENT BANK LIMITED
INSTITUTION
6
ADAMJEE INSURANCE COMPANY LIMITED
INSTITUTION
7
AIML A/C. ASKARI EQUITY FUND
INSTITUTION
List of Settling Banks joined NCSS during this Quarter
Sr. # Settling Bank Name
1
Type
National Bank of Pakistan
Settling Bank
Trades V/s Settlement Data
for this Quarter
Month
Trade
Volume
Based on CM wise/
Based on UIN wise/
Symbol Wise Net Position
Symbol Wise Net Position
%age
%age
Settlement Settlement
Settlement Settlement
Trade Value
Settlement
Settlement
Volume
Value
Volume
Value
Value
Value
JAN
1,792,833,577
75,009,944,917
866,804,190
30,634,776,636
40.84
1,066,595,718 38,945,902,768
51.92
FEB
4,158,366,696
110,043,810,094
1,781,885,263
42,871,858,304
38.96
2,373,953,324 57,470,337,192
52.22
MAR
8,181,053,292
150,083,324,075
3,258,534,524
58,308,029,438
38.85
5,101,951,511 87,289,889,460
58.16
Total
14,132,253,565
335,137,079,086
5,907,223,977 131,814,664,378
39.33
8,542,500,553 183,706,129,420
54.82
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NCCPL, where Transparency is Guaranteed
Page 9
[THE CLEAR CALL]
Issue # 3
List of Securities joined NCSS during this Quarter
Sr.#
1
Security Name
Symbol
SHAHEEN INSURANCE COMPANY LIMITED - LoR
SHNIR1
TOP TEN SECURITIES
SYMBOL
DESCRITION
VOLUME
JSCL
JAHANGIR SIDDIQUI AND CO. LTD
1,069,378,868
FCCL
FAUJI CEMENT COMPANY LIMITED
645,062,652
LPCL
LAFARGE PAKISTAN CEMENT LIMITED
623,084,894
ANL
AZGARD NINE LIMITED
599,678,916
BAFL
BANK ALFALAH LIMITED
534,135,759
DGKC
D.G. KHAN CEMENT COMPANY LIMITED
506,672,667
BOP
THE BANK OF PUNJAB
459,491,303
NIB
NIB BANK LIMITED
436,323,585
TRG
TRG PAKISTAN LIMITED - CLASS - (A)
391,919,964
NBP
NATIONAL BANK OF PAKISTAN
368,726,151
Total No. of Unique Identification Numbers (UIN) Registered during this Quarter
During the Qtr.
By the end of the Qtr.
Total No. of UIN Registered :
4,485
303,475
A) Individual
4,226
297,767
17
1,397
-
267
24
822
218
3,222
B) Corporate Company
C) Corporate /Individual Broker
D) Fund /Others
E) Foreigner Individual
NCCPL
NCCPL, where Transparency is Guaranteed
Page 10
Issue # 3
[THE CLEAR CALL]
Foreign Investors Portfolio Investments (FIPI) Data JAN –MAR 2012
MONTHS
BUY
SELL
NET
JAN
5,277,865,882
(5,318,157,821)
(40,291,939)
FEB
5,333,100,901
(4,597,616,099)
735,484,802
MAR
6,679,934,455
(5,923,368,352)
756,566,104
Total
17,290,901,239
(15,839,142,272)
1,451,758,967
Financial Institution Risk Management System
Average Daily Exposure Drop-Out to Exchanges
so as to enhance trading capacity of Capital Market
Per Day Avg Exposure during the Quarter
By End of the Quarter (31-03-2012)
1,604,339,561
3,150,059,000
Margin Trading System
MTS Open Position /Rate of interest during the Quarter
Description
Open Position
Avg. Per day during the Quarter
By the end of Quarter
703,851,084.92
696,972,894
17.11
15.56
Rate of interest
DEBT Market
Per Day Avg. Exposure during the Quarter
44,007,306.98
NCCPL
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Page 11
Issue # 3
[THE CLEAR CALL]
Fun Toonssss
NCCPL
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Page 12