_1777294237270_124456903.png&w=64&q=75){kind=small}
Maqasa Enhances Services with New Improvements
The Securities Clearing Center Company (Muqassa) has launched a new package of enhancements to the repurchase agreement (repo) clearing service, along with extended operating hours. These improvements aim to boost operational efficiency, improve liquidity management, and provide greater flexibility for market participants. The enhancements include allowing the use of non-cash collateral for full coverage without fees, a competitive bid request service prior to executing the trade, early settlement options, portfolio account adjustments, the replacement of securities with another qualified collateral, and technical integration via the "FIXML" protocol. These measures are intended to improve market performance and increase liquidity depth, in line with the company’s commitment to developing the infrastructure of Saudi Arabia's financing markets.
Notice: This Is an AI-Generated Summary
Comments (0)