IFMP Clearing and Settlement Operations Certification (CSOC), Pakistan case studies
IFMP Clearing and Settlement Operations Certification (CSOC), Pakistan · Put your knowledge to work in context.
The Clearing & Settlement Operations Certification is listed by the Institute of Financial Markets of Pakistan (IFMP) among its Specialized Certifications, alongside offerings such as Anti-Money Laundering (CFT), Compliance Officer, Fixed Income Securities, Islamic Finance, and Risk Management. IFMP describes itself as Pakistan's first securities market institute, established as a permanent platform to develop quality human capital for financial markets and to conduct licensing examinations leading to certifications for different market segments. The IFMP Clearing and Settlement Operations Certification (CSOC), Pakistan case studies are 5 cases and about 2,523 words.
1Settlement Fund Shortfall at the RTGS Cutoff
On T+2, Clearing Member Crescent Securities has a net funds obligation of PKR 184.6 million to NCCPL, payable into its settlement bank account by 10:30. At 09:55 the bank confirms only PKR 150.0 million is available; PKR 34.6 million is missing because a client's cheque for that amount was returned unpaid at 09:40.
530 words, about 3 min2Short Delivery Across a Bonus Record Date
On 3 March, Broker A sells 25,000 shares of Indus Textiles to Broker B on PSX; settlement is T+2, 5 March. The company has announced a 20% bonus issue with book closure on 7 March; the ex-bonus date is 6 March.
545 words, about 3 min3Collateral Concentration and a Margin Call
A clearing member, Fortress Clearing, has a margin requirement of PKR 270 million at 11:00. It has deposited PKR 190 million cash and shares of a single PSX-listed company with market value PKR 400 million.
496 words, about 2 min4Pledge Release vs. a Court Attachment Order
Qureshi, has 150,000 shares of a listed bank pledged to Crescent Bank in a CDC sub-account as security for a PKR 45 million loan. On 12 May the bank instructs its CDC participant to release the pledge because the loan is repaid.
484 words, about 2 min5Affirmation Backlog After an NCSS Outage
At 15:05 on T+1, NCCPL's National Clearing and Settlement System (NCSS) goes down for 70 minutes. It comes back at 16:15.
468 words, about 2 min