Muqassa implements new improvements to Repo clearing service

Securities Clearing Center Co. (Muqassa)

Muqassa announced a package of new improvements to the repurchase agreement (Repo) clearing service, indicating that these improvements confirm its continuous endeavor to develop the infrastructure of the Saudi Exchange (Tadawul) to achieve the greatest possible benefit for Maqassa members.

Benefits and advantages of the new improvements include allowing Muqassa to clear transactions across all clearing members, thus reducing the net settlement statement, reducing counterparty credit risk, and reducing market risk through unified standards for margin operations.

To view details of new improvements on Repo clearing service