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Electronic release of securities in DFC
By: APP, Uploaded: 22nd November 2011
The Karachi Stock Exchange (KSE) has designed the functionality for electronic release of securities in deliverable futures contract (DFC) and it will be deployed on NCHS terminals on November 28, 2011.
According to KSE here Tuesday, the release requests for securities will be processed electronically and any excess release request will not be entertained by the system and will be rejected on the spot.
Release request could be processed through the “Upload File Option” wherein members can upload their system generated TEXT file to process multiple of release requests at any moment of time. The text file should have Participant ID, UIN, SubAccount and Quantity separated by “I” sign.
“Symbol Search Release Option”, wherein desired entries may be searched and released through the release form available on NCHS terminals.
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Story first published: 22nd November 2011
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