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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 Members 
    Authorized to clear proprietary and Client trades executed by themselves as a Trading member of the Exchange.

  2. Trading Clearing Members Proprietary
    Authorized to clear proprietary executed by themselves as a Trading member of the Exchange.

  3. General Clearing Members
    Authorized to clear proprietary and Client trades executed by themselves as a Trading member of the Exchange or trades executed by any other Non-Clearing Trading member of the Exchange.

  4. Settlement Agents
    Authorized to settle Client trades on behalf of Clearing Members for DVP clients.


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

Membership Category

Minimum Collateral Requirement

Securities Market

Derivatives Market

Both Securities & Derivatives Market

Trading Clearing Member (TCM)

AED 10 million

AED 5 million

AED 15 million

Trading Clearing Member Proprietary Trading (TCMP)

AED 5 million

AED 2 million

AED 7 million

General Clearing Member (GCM)

AED 50 million

AED 10 million

AED 50 million

Settlement Agent (SA)

AED 50 million

N/A

N/A

Membership

New Clearing Member

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

  1. A trading member in the stock exchange carries out the clearing and settlement process for its own trades or for 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

  1. ADCB Securities L.L.C
  2. ADIB Securities
  3. Al Ansari Financial Brokerage L.L.C
  4. Al-Brooge Securities
  5. Daman securities L.L.C
  6. AL DAR SHARES & BONDS 
  7. AL Ramz Capital
  8. Al Sahel Shares Centre
  9. Al-Wathbah Shares & Bond Center
  10. Arqaam Securities L.L.C
  11. BHM CAPITAL Financial Services P.S.C 
  12. CBD Financial Services
  13. Dubai Islamic Financial Services 
  14. EFG Hermes UAE 
  15. FAB Securities 
  16. Finance House Securities 
  17. HSBC Middle East Securities 
  18. International Securities L.L.C
  19. Mashreq Securities
  20. Mena Corp Financial Services 
  21. Sharjah Islamic Financial Services
  22. SICO Invest L.L.C 
  23. World Investments P.S.C
  24. X Cube LLC
  25. Emirates Islamic Financial Brokerage
  26. Emirates NBD Securities LLC (EBI)

Derivatives Members

 

  1. AL DAR SHARES & BONDS 
  2. AL Ramz Capital
  3. Arqaam Securities L.L.C
  4. BHM CAPITAL Financial Services P.S.C 
  5. EFG Hermes UAE 
  6. International Securities L.L.C
  7. SICO Financial Brokerage LLC 
  8. X Cube LLC

Settlement Agents (SA)

  1. Citibank N.A. UAE
  2. Deutsche Bank AG
  3. Emirates NBD Capital PSC
  4. First Abu Dhabi Bank
  5. HSBC Bank Middle East Limited
  6. Standard Chartered Bank


Visit Dubai CSD for Depository Members
Visit DFM for Trading Members