Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. SNB Capital becomes Muqassa clearing member
Industry news

SNB Capital becomes Muqassa clearing member


07 August 2024 Saudi Arabia
Reporter: Carmella Haswell

Generic business image for news article
Image: Orxan/stock.adobe.com
Investment bank and asset manager SNB Capital has become a direct clearing member of Muqassa, a securities clearing centre company, in the derivative market.

SNB Capital has completed all regulatory and technical requirements to attain this status.

Muqassa is the clearing house of the Saudi Tadawul Group, and was established in 2018 as part of Saudi Arabia’s Financial Sector Development Program.

The firm says it reduces post-trade risk, provides a centralised counterparty risk management service, and develops clearing services in accordance with international best practices.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →