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PMEX Launches Automated Direct Funds Model
Notification No.: PMEX/MKT, BD&CSS/2022/05 March 01, 2022
In continuation to PMEX Notification No. PMEX/MKT, BD&CSS/2019/24 dated April 30, 2019, the Exchange is pleased to announce the launch of automated Direct Funds Model (DFM) functionality with effect from Monday, March 7, 2022. The existing facility offered by Meezan Bank Limited will also be available for a limited time for customers’ convenience.
PMEX in collaboration with MCB Bank Limited (MCB) has introduced a more robust online funds transfer facility that fully automates the current DFM. With this new facility, brokers and their customers will avail the following benefits:
• Fast and secure funds transfer
• Reduce time of funds verification and posting
• Direct funds posting to broker/customer ledger account
• No requirement for deposit placement in MT5 Back Office (BO)
• No email requirement for deposit instrument to PMEX
The fully automated DFM will enhance customers’ experience and boost their confidence to trade commodity futures at PMEX. Further details are given in Annexure A. To understand automated DFM, customers can access the following video tutorials:
For further information and assistance, please feel free to contact our Customer Support Services by phone on 111-11- PMEX (7639) or by email at support@pmex.com.pk.
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