Dubai Commodities Clearing Corporation launches new risk management system LeapRate

May 08, 2017 BY admin

Dubai Commodities Clearing Corporation launches new risk management system

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…

April 12, 2017 BY Valentina Kirilova

Dubai Commodities Clearing Corporation recognised by ESMA as a third-country CCP

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…

March 29, 2016 BY Maria Nikolova

Dubai Commodities Clearing Corporation expands scope of Collateral Basket

The 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.…

February 09, 2016 BY Maria Nikolova

Dubai Commodities Clearing Corporation changes margin requirements for certain futures contracts

Dubai 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…

November 23, 2015 BY Maria Nikolova

Dubai Commodities Clearing Corporation starts accepting Bullion as collateral

Dubai 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…

September 01, 2015 BY Mike Fox

DGCX raises margin for various futures including EUR/USD, USD/RUB, Gold, Oil

The Dubai Commodities Clearing Corporation issued a revision to initial margins for various classes of contracts today...

Tag: Dubai Commodities Clearing Corporation