General Clearing Member of the Year 2024 Award

This award is a testament to the hard work of all General Clearing members who are dedicated to deliver clearing and settlement services over the year 2024 The award is attributed to the Member that shows best performances and records along the criteria items.

A judging committee will ascertain which is the best General clearing members based on the Data that shall be provided by Muqassa (Securities clearing center company) Criteria’s weight Percentage varies where the highest percentage with 20% is for violations to rules and procedures, while the lowest percentage of 5% is for Product & Services offering of each member.

General Clearing Member of The Year 2024 :

• Number of NCMs the GCM has
• Qualitative assessment of services provided by GCM to NCMs
• Product offering of each member
• Services provided under each product
• Compliance to margin requirements
• Commitment to quarterly financial reporting requirements
• Violations to rules and procedures
• Fines imposed:
• Number of fines imposed