Tag: dccc

dgcx
July 04, 2018 BY Valentina Kirilova

DGCX teams up with Standard Chartered Bank to expand collateral basket

The Dubai Gold and Commodities Exchange (DGCX) and its Central Counter Party (CCP) subsidiary, Dubai Commodities Clearing Corporation (DCCC), have announced that clearing members can now deliver eligible global securities as collateral. To underpin the expansion of the collateral basket, Standard Chartered Bank will provide Custody Management Services on this additional form of collateral and…

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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…

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dgcx
November 15, 2016 BY Valentina Kirilova

DGCX introduces ICBC as a clearing and settlement bank

Dubai Gold & Commodities Exchange (DGCX) has announced that Industrial and Commercial Bank of China Limited (ICBC) has joined as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) - a wholly owned subsidiary of DGCX that acts as a central counterparty for all trades executed on the Exchange. With the addition of ICBC, DCCC…

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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…

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