KSE develops cash margin management system

RECORDER REPORT

KARACHI: In order to enhance the efficiency and effectiveness of Cash Margins through their automated deposits and release through banks, Cash Margin Management System (CMMS) has been developed through which brokerage houses will be able to process the Cash Collateral Deposit and Release requests through their NCHS terminals and same will on-line be transmitted to the respective banks for their necessary actions.

The Karachi Stock Exchange (KSE) announced this in a notice to all members sent on Friday.

"Upon electronic affirmation of banks, Risk Management System of the Exchange will be updated accordingly", it added.

Effective from Monday, December 19, 2011, a Trial Version will be available in the Systems Menu of NCHS to all brokers for testing the functionalities and reports.