The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) called ActiveRisk. ActiveRisk, developed by Chella Software (CSPL), has been deployed by DCCC with the primary…
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The Dubai Commodities Clearing Corporation (DCCC), a Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), announced today its recognition as a third-country CCP (TC-CCP) by the European Securities and Markets Authority (ESMA). This recognition was granted to the DCCC on March 30 under…
Read moreThe Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), has just announced expansion of its Collateral Basket. Clearing members gain the ability to deposit cash collateral to the Corporation in the form of Euro, UK Pound and Japanese Yen, in addition to UAE Dirhams and U.S.…
Read moreDubai Commodities Clearing Corporation (DCCC) will implement new margin requirements for a set of 17 Forex, energy and metals contracts and 12 equities futures contracts, effective Wednesday, February 10th. The company will cut the amount of initial margin required for trading: AUD/USD, EUR/USD, INR/GBP, CHF/USD, Copper. The margin required will be raised for Gold (Spot…
Read moreDubai Commodities Clearing Corporation (DCCC) is widening the lineup of assets it accepts as collateral. Starting from December 1, 2015, DCCC will accept Gold and Silver (referred to as “Bullion") DMCC Tradeflow Warrants towards Initial Margin and other deposits. Members shall pledge the Tradeflow Warrants in favor of DCCC through the DMCC Tradeflow system for…
Read moreThe Dubai Commodities Clearing Corporation issued a revision to initial margins for various classes of contracts today...
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