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 32 brokers that will be 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.

ESL is backed by very strong market-players as sponsors, including CDC, PSX, NCCPL and other financial Institutions and has acquired all the necessary infrastructure, state of the art System tailor-made to perfection, skilled & experienced staff and other necessary arrangements to be able to efficiently & effectively discharge its responsibilities as a Professional Clearing Member.