Activity
Central Clearing Services for Securities
Activity Code
6612013
Activity Group
Banks, Finance & Credit Group
License Type
Professional
Activity Description
Includes firms licensed by the Securities & Commodities Authority for the representation of the counterparty for all trades (Novation) in the market in consideration for a specific commission while ensuring the execution of all trades concluded in the market, and determining the net rights and liabilities of the central clearing members for such trades, and determining their legal statuses arising from the trading operations.
Approval
NOC from the Securities and Commodities Authority