Dubai Clear is an independent legal entity registered under the Dubai Economic Department (DED) to perform Central Counter Party services. It is a 100% subsidiary of the holding company – Dubai Central Clearing and Depository Holding LLC (DCCD). The Dubai Clear is licensed and regulated by the Securities and Commodities Authorities (SCA) under the Board of Directors’ Decision No. (22 / R.M) of 2016 Concerning the Regulation of the Central Clearing Party (CCP) Business.
Dubai Clear undertakes all functions of clearing, clearing risk management and settlement for DFM. Dubai Clear becomes the central counter-party for all trades executed on the DFM trading platform, whereby it acts as a Seller to all Buyers and Buyer to all Sellers for settlement of trades. Dubai Clear provides settlement assurance for all trades executed on DFM to mitigate counter-party risks. Dubai Clear has a robust risk management framework and clearing technology provided by Nasdaq.