Transfer of Margin Financing Businesses between Clearing Members

Dubai Clear facilitates the transfer of both the Liability Sum and the Securities Margin Financing (SMF) between the Transferee Clearing Member and the Transferor Clearing Member upon the request of Clearing Members.

AED 25 plus 5% VAT per listed company in DFM.

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.

1. Complete the Transferor request form entitled “Transferor’s Request (Trading/Trading Clearing Member) to Transfer Securities Financed by Margin” and have signed by the transferor member and investor
2. Complete the Transferor request form of “Transferee’s Request (Trading/Trading Clearing Member) to Transfer Securities Financed by Margin” and have signed by the transferee member and investor. In addition, attach certified a copy of the Margin Finance Transfer Agreement signed by the investor, the transferor and transferee members.
3. Submit the completed forms to the Dubai Clear as the details below.
4. Transferee member should pay the total liabilities and transfer fees to the DFM account with Emirates NBD bank.
5. Dubai Clear will proceed with the transfer request after verifying the signatures, taking internal approval and upon receipt of the fees and total liabilities.
6. Dubai Clear will then send instructions to the settlement bank to debit the DFM settlement account and to credit the Transferor settlement amount.
7. The Dubai Clear will issue a receipt voucher for the Clearing Member.

1. Completed Transferor request form “Transferor’s Request (Trading/Trading Clearing Member) to Transfer Securities Financed by Margin” signed by the transferor member and investor.
2. Completed Transferee request form of “Transferee’s Request (Trading/Trading Clearing Member) to Transfer Securities Financed by Margin” signed by the transferee member and investor.
3. A certified true copy (CTC) of the Transfer Financed Margin Agreement should be attached with the Transferee’s request, which should be signed by the Transferor, Transferee and investor.
4. Transferee member must pay the total liabilities to the DFM account with Emirates NBD bank (IBAN # AE200260000512063720939).
5. Transferee to pay the transfer fees amount to the DFM account with Emirates NBD bank (IBAN # AE370260000412063720929).