SLB Transfers

1. Create Securities Lending and Borrowing - Loan Transactions
   • Transfer of Securities between Lender to Borrower to create an SLB loan transaction:
     • The SLB loan transaction can only be processed once BOTH the lending and borrowing request have been received from the Lending Agent/Lending Representative and the Borrowing Agent/Borrowing Representative respectively.
     • If only one side of the SLB transaction request is received, the party which submitted the request will be notified that Dubai Clear cannot process the request.
2. Other transfer requests related to SLB Loans
   • Permitted type of transfers of securities in relation to SLB are as follows:
     • Transfers to a Trustee of an ETF for the creation/redemption of ETFs
     • Movement of collateral between Lender and Borrower where the collateral is DFM listed securities
     • Movement of corporate action securities entitlements between Lender and Borrower:
       • Corporate action securities for the collateral returned by the Lender to the Borrower
       • Corporate action securities for the SLB loan returned by the Borrower to the Lender
3. Loan Returns
   • The Borrower will instruct its Borrowing Representative to submit a loan return request to Dubai Clear to initiate the return of loaned securities, the following needs to be taken into consideration:
     • Dubai Clear will process loan return request based on the availability of Owned securities balances in the Borrower’s designated SLB Account
     • Where the loan return request by Borrower is unsuccessful or partially successful, the Clearing Entity will attempt to complete the loan return request twice a day on a daily basis until the loan quantity is returned in full to the Lender
     • The Lending Representative/Lending Agent may check whether Dubai Clear has approved the loan return submitted by the Borrowing Representative against the Loan Recall/Return Inquiry screen.
     • Where the loan is partially returned, the fee will be calculated based on the outstanding loan quantity until the calendar day before the partial loan return date and based on the new outstanding loan quantity from the date of the successful partial return onwards until the next loan return date minus one day
     • There is a minimum loan duration of one (1) business day before a loan can be returned

• Create Securities Lending and Borrowing Loan Transactions: NIL
• Other transfer requests related to SLB Loans:
  • Collateral transfer fees: 0.002 or 0.2% of the market value of securities; Minimum AED100 per symbol [applicable only if collateral is DFM listed securities]
  • Return of collateral: Flat fee of AED100
  • Movement of corporate action securities; no charge
• Loan Returns: NIL

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. Creating Securities Lending and Borrowing Loan Transactions
   • Submit Lending Request and Borrowing request by the lender and borrower to Dubai Clear by the following cut-off:
     • Requests received by 8:00am will be processed before the 10:15am securities settlement run
     • Requests received by 1:30pm will be processed before 2:00pm
2. Other transfer requests related to SLB Loans:
   Submit Securities Transfer Request for SLB
   • Ensure that requests are submitted by the 1:00pm processing cut-off time to ensure same day value.
   • Requests received after 1:00pm will be processed on best effort basis for same day value or else for value next business day
3. Loan Returns
   • Submit Application to Return Loan to Dubai Clear
   • Ensure that requests are submitted before the respective cut-off times as follows:

• Requests received by 8:00am will be processed before the 10:15am securities settlement Return
• Requests received by 1:30pm will be processed before 2:00pm
• Upon receiving the complete requests Dubai Clear will:
  • Review the submitted application and process the request if it meets the requirements.
  • Confirm to the member on the status by email upon completion

1. Create Securities Lending and Borrowing Loan Transactions
   • Lending Request & Borrowing Request 
2. Requests for transfers of securities in relation to SLB Loans
   • Securities Transfer Request for SLB
3. Loan Returns:
   • Application to Return Loaned Securities to be completed by the Borrowing Representative.

Through Email: clearingandsettlement@dubaiclear.ae