KARACHI (January 25 2007): The Karachi Stock Exchange (KSE), with the approval of Securities and Exchange Commission of Pakistan (SECP) has announced that the implementation of the Client Level Netting (CLN) shall be effective from March 1, 2007 for the ready market.
From April 1, 2007 Contract for Futures Deliverable Market shall be made effective. In a notice issued here on Wednesday, it implementation schedule of the Client Level Netting while considering that the necessary IT hardware for installation of the System was not complete.
Copyright Business Recorder, 2007