World Class Post-Trade Services

Overview

About DCCD

Strengthening Dubai’s leading position as a center of excellence and a dynamic capital market, Dubai Central Clearing and Depository Holding LLC (DCCD) is the first independent post-trade services company in the UAE, providing post-trade services in a safe and transparent market environment in line with international best practices.

Dubai Central Clearing and Depository Holding LLC (DCCD)

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Dubai Central Clearing and Depository Holding LLC (DCCD) is a 100% subsidiary of Dubai Financial Market PJSC (DFM) licensed with the Dubai Economic Department (DED). DCCD is established as a holding company to the Dubai Central Counter Party Company, Dubai Clear LLC (Dubai Clear) and the Dubai Central Securities Depository Company, Dubai CSD LLC (Dubai CSD). Both these companies together provide services for all post-trade related activities.

Dubai Clear

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Dubai Clear is an independent legal entity registered under the Dubai Economic Department (DED) to perform Central Counter Party services. It is a 100% subsidiary of the holding company – Dubai Central Clearing and Depository Holding LLC (DCCD). The Dubai Clear is licensed and regulated by the Securities and Commodities Authorities (SCA) under the Board of Directors’ Decision No. (22 / R.M) of 2016 Concerning the Regulation of the Central Clearing Party (CCP) Business.

Dubai Clear undertakes all functions of clearing, clearing risk management and settlement for DFM. Dubai Clear becomes the central counter-party for all trades executed on the DFM trading platform, whereby it acts as a Seller to all Buyers and Buyer to all Sellers for settlement of trades. Dubai Clear provides settlement assurance for all trades executed on DFM to mitigate counter-party risks. Dubai Clear has a robust risk management framework and clearing technology provided by Nasdaq.

Dubai CSD

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Dubai CSD is an independent legal entity registered under the Dubai Economic Department (DED) and licensed by the Securities and Commodities Authority (SCA) to perform Central Securities Depository services. It is a 100% subsidiary of the holding company – Dubai Central Clearing and Depository Holding LLC (DCCD). The Dubai CSD is governed by SCA under its Board Decision No. (19) of 2018 Regulations of Central Depository Activities.

Dubai CSD operates a fully dematerialized scripless investor-level electronic securities registry system where legal ownership of listed securities is evidenced by the electronic records of Dubai CSD. Ownership is transferred by book-entry and is protected by local securities laws from the insolvency of Dubai CSD and members. Dubai CSD Depository also conducts securities settlement of trades cleared by Dubai Clear and serves the local Dubai Financial Market.