Riyadh – Mubasher: The Saudi Securities Clearing Center Company (Muqassa) announced that the board of the Capital Market Authority (CMA) has approved the securities clearing centre rules and procedures.

The rules regulate the clearing members responsibilities and enhance Muqassa’s role as a Central Counterparty (CCP) clearing house in the Saudi capital market, according to a statement to the Saudi Stock Exchange (Tadawul).

The rules also govern rights and obligations between the clients and the clearing members, that will contribute to develop clearing services in accordance with international practices, enhance market stability, reduce the post trade risks and enable the introduction of new financial instruments and services.

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© Mubasher 2020