About EClear
EClear Services Limited (ESL), (incorporated as public unlisted company under the Companies Act, 2017) has been granted license to act as Pakistan’s first “Professional Clearing Member (PCM)” under the “Professional Clearing Members Regulations 2020” by Securities & Exchange Commission of Pakistan (SECP).
Services
Introducing unique and innovative services to facilitate both Investors & Market intermediaries towards a robust Capital market. We are focused on cultivating collaborative partnerships for effecting ease of doing business and reducing cost of doing business.
Frequent Asked Questions
EClear Services Limited enables outsourcing of Clearing, Settlement & Custodial services to trading members of the Stock Exchange, enabling them to provide more efficient services to their clients.
- Eclear Services Limited complaint Handling
- 92 21 111 111 500 - Ext:4506
- [email protected]
Previously, it was observed that most of the investors were losing interest in the capital market, therefore, in order to improve the confidence of the investors a new broker regime was introduced by the regulators in which TREC holders were divided into 3 categories. EClear was established in order to facilitate the 3rd category brokers which fall under the category of “Trading only”. Since the 3rd category brokers cannot hold the customer’s cash and custody, EClear will provide professional clearing services to those brokers for clearing, settlement and custody of customer’s assets for customers.
Currently, there are 78 brokers mandated to obtain PCM services.
In the first phase, we will be targeting Trading Only (TO) only category brokers and in the second phase, we will be targeting Trading & Self Clearing brokers. We might see mushroom growth in the number of brokers who will be willing to opt PCM services.
Brokers having the Trading & Clearing license will be our competitors.
