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Special Deals

Service ID
4.5.2
Title
Special Deals
Details

Special Deal transactions are transactions executed outside the trading system through the Dubai Clear for trades of  AED 10 Million and above in total transactions value. This process is subject to the approval of Dubai Clear.

There are 2 Types of Special Deal

  1. Special Deal with Cash Settlement for (Settlement Agents) Clients.
  2. Special Deal without Cash Settlement for Custodian (Settlement Agent) and regular retails Investors.

For more information on this service, please contact:
Dubai Clear Company T: +971 4 305 5555
E: clearingandsettlement@dubaiclear.ae

 

Fees

Special deal fee is 0.000275 in case of bonds and 0.00275 in case of shares for the buyer and 0.000275 in case of bonds and 0.00275 in case of shares for the seller.

For Government, semi- Government entity or institutions and entities to which Government has a percentage of ownership: Special deal fee is 0.0001 in case of bonds and 0.001 in case of shares for the buyer and 0.0001 in case of bonds and 0.001 in case of shares for the seller.

In addition, a VAT of 5% of the fee will also be invoiced by the Clearing Entity from the VAT effective date to the buyer and seller.

The method of calculating Fees:

  • Bonds: Number of Units X (Unit value/100) X Last Close Price(LCP) or price of Special Deal which should be higher than LCP X Special Deal fees
  • Shares: Number of shares X Last Close Price(LCP) or price of Special Deal which should be higher than LCPX Special Deal fees
Note: All current fees are subject to VAT. The fee will be added to invoices as per the UAE Federal Law No.8 of 2017.

 

Procedures
  1. The special Deal Parties will apply the request through Dubai Clear Company e-Services Portal.
  2. Dubai Clear Company will receive and review the request.
  3. After Dubai Clear Company internal approval, Dubai Clear Company will request the Special Deal Parties (Buyer & Seller) to pay the Fees.
Required Documents
  1. Apply the Special Deal request through Dubai Clear Company e-Services.
  2. Attach the signed copy of the Forms for Companies request.
  3. For Special Deal with Cash Settlement: Buyer should deposit the deal value in Dubai Clear Company AC with Emirates NBD Bank, so Dubai Clear Company can move them to Seller's AC.
How to Apply

Online through Dubai Clear Company eServices

Services Catalogue