Clearing Cycle Announcement
30 Aug, 2020 16:00Pursuant to Clearing Rules and Procedures, members of Muqassa are requested to take note of the market hours for the clearing operations with effect from August 30, 2020 as given below:
|
Particulars |
Time (KSA time) |
|
Clearing operations timings |
08:00-16:00 Same Day |
|
Settlement of end of day variation margin |
09:30 Next day |
|
Deposit of cash collateral |
09:00-15:30 Same Day |
|
Starts Intraday margin calculation |
10:00 |
|
Deadline for final end of day margin call cover |
11:00 |
|
Withdrawal of cash collateral |
11:00-15:30 Same Day |
|
Final intraday margin call |
13:30 |
|
Rectify trade deadline |
(16:00) Trade date |
|
Give-up /Take-up of trades deadline |
(16:00) Trade date |
|
End of day margin calculation and margin call issuance |
16:30 |
|
Clearing house reports availability |
16:30 |
|
Default fund contribution (resize) |
Notification date +3 working days |