• EMAARDisclosure of the Company regarding the pricing of shares of Emaar Development PJSC (under conversion)
  • AMANATResults of BOD meeting held by circulation
10:00
01 january 2014
Home > Products > Services Catalogue > Services Details

REPO Transactions

Details
DFM may now process requests for transfer of ownership securities listed for REPO Transactions between a REPO seller and a REPO buyer who have agreed on a repurchase agreement between the investors’ Banks or Financial Institutions.




For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees

1)- Transfer securities from REPO Seller to REPO Buyer: 0.002 (two per thousand) of the market value of the shares
Fees = Number of securities*market value of securities*rate
( Minimum AED 100)

 

2)- Transfer securities from REPO Buyer to REPO Seller: AED 100 per company
(Note: All fees to be paid to DFM by the Repo buyer)


Procedures
  • Receive forms from the Buyer and Seller
  • Register the REPO buyer in DFM records
  • Transfer the securities from Seller to Buyer’ account or vise versa (in case of receiving request to move the securities to the seller account later)
  • Send account statement report to REPO Buyer
  • Prepare voucher

Required Documents
  • Buyer and Seller of the REPO should fill in the form
  • Attach copy of REPO Agreement
  • Pay REPO Fees by the Buyer

How to Apply?
Through brokers or custodians.