Cash Market - Acceptance of Non-Cash Collateral in Cash Market
11 May, 2023 16:25“Please be advised that Muqassa will be accepting Non-Cash Collateral for Cash Market as of today Sunday 14th of May 2023. The accepted non-cash collateral will be in the form of Saudi Arabian Government Sukuk denominated in SAR with less than or equal to 5-year remaining term to maturity.
The list of securities eligible along with the haircuts has been published on our website, noting that assets accepted as non-cash collateral including limits will always be subject to periodic review by Muqassa.