Custody/clearing  
DEUTSCHE BANK    
HSBC SECURITIES SERVICES    
 
 
KUWAIT - Capital Market Infrastructure Summary

Central Securities Depository
Kuwait Clearing Company S.A.K. (KCC)

BIS Model
Model 1

Settlement Cycle
T
T+2 for Foreign investors

Comment
After the close of trading, the Kuwait Stock Exchange (KSE) delivers trade data electronically to KCC, whose clearing and settlement system matches buys and sells and settles the trades on a gross basis. Investors, who hold both share and cash accounts with KCC, are obligated to pay KCC on T. Upon settlement, the securities and cash elements of the trades are recorded in the investors' accounts at KCC. In the event of late payments, an investor may deposit his shares or cash without penalty by 11:00 a.m. on T


Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.