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Rate Service

Financial Penalties (SLB)

Service ID
5.0.7

Details

If a Lender fails to settle, his sell trade by recalling loaned securities on time for settlement of the Lender’s sell trade even if the fault of the non-delivery is the Borrower’s failure to return securities.

For information on this service, please contact:

Dubai Clear T:+971 4 305 5555
E: clearing&settlement@dubaiclear.ae

Fees

T+3:

A fine of AED 1000 or 0.1% of the unsettled trade value, whichever is the higher, if a failed sell trade is resolved on T+3.

T+4:

a. A fine of AED 3000 or 0.5% of the unsettled trade value, whichever is the higher, if a failed sell trade is resolved on T+4.

b. A fine of AED 5000 or 1% of the unsettled trade value, whichever is the higher, if a failed sell trade is settled by way of a buyer cash compensation.


Procedures

Dubai Clear will send a letter to the member.



Required Documents
N/A

How to Apply?
N/A