Kuwait Clearing Company (KCC) S.A.K. was established in 1982 following the crash of the unregulated and unofficial Souk Al-Manakh stock market. By working with close cooperation with all Kuwaiti market infrastructure institutions and under the surveillance of regulators, KCC was instrumental in mitigating risks for Kuwaiti investors and restoring trust in the market.
In 2002, KCC entered into a partnership with TCS. After twenty years and three major upgrades, the partnership continues to yield tremendous successes for both organizations. TCS BaNCS for Market Infrastructure was implemented at KCC in 2005 for clearing and settlement. TCS proved to be an ideal partner for KCC not just in terms of its technical and business abilities, but also for its culture.
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