A nine-member committee has been formed to smooth the transition from COT (Badla) to margin financing. Comprising four bankers and five brokers, the committee would have former governor of the State Bank of Pakistan and now President of Metropolitan Bank, Kasim Parekh, as its chairman. In a series of meetings held at the State Bank of Pakistan Head Office on Saturday, chaired by the Governor of State Bank of Pakistan and attended by Minister of State for Finance Omar Ayub Khan and Chairman of Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hasan.