Your Trusted Clearing House

Overview

Membership

A member will be required to sign an agreement with Dubai Clear for clearing services. Dubai Clear members will be required to be approved by the Securities and Commodities Authority (SCA) before applying for a Dubai Clear membership.

Membership

Types of Membership

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The following categories of membership are provided by Dubai Clear:

  1. Trading Clearing Member (TCM)
    Authorized to clear proprietary and client trades executed by the member as a Trading Member of the DFM.

  2. General Clearing Member (GCM)
    Authorized to clear proprietary and client trades executed by member as a Trading Member of DFM or trades executed by any other Non-Clearing Trading Member of DFM.

  3. Settlement Agent (SA) 
    Authorized to settle Delivery Versus Payment (DVP) trades on behalf of Clearing Members.


The requirements for each category of membership are set out below:

Membership Category

Minimum Collateral Requirement

Trade Clearing Member (TCM)

AED 10,000,000.00

General Clearing Member (GCM)

AED 50,000,000.00

Settlement Agent (SA)

AED 50,000,000.00

Membership

New Clearing Member

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The following institutions may apply for Clearing Membership with Dubai Clear LLC:

  1. A Trading Member of a stock exchange clearing and settling trades for itself and/or its clients (Trading Clearing Member)

  2. A General Clearing Member (GCM) licensed by SCA to conduct the business activities of a general clearing member pursuant to The Authority’s Board of Directors’ Decision No. (36/R.M) of 2019 Concerning General Clearing Member Activity

SCA Regulations

The ‘Procedures for Registration of Trading Clearing Members, Clearing Members & Settlement Agent’ can be found under the Dubai Clear ‘Regulations, Policies and Procedures’ section.


Membership

Dubai Clear Members

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Trading Clearing Members

View List

General Clearing Members (GCM)

Abu Dhabi Commercial Bank

Emirates NBD Bank

Settlement Agents (SA)

Citibank N.A. UAE

Deutsche Bank AG

First Abu Dhabi Bank

HSBC Bank Middle East Limited

National Bank of Abu Dhabi PJSC

Standard Chartered Bank


Visit Dubai CSD for Depository Members
Visit DFM for Trading Members