Dubai – Mubasher: Dubai Financial Market (DFM) announced its intention to launch Central Counterparty (CCP) clearing as part of its constant efforts to further reinforce market structure based on international best practices.
The CCP is a specialized clearing entity that will novate trades on DFM for settlement and it is expected to be part of a new DFM post-trade wholly owned subsidiary, which will consolidate all DFM post-trade business.
This initiative is also in line with the CCP regulations issued last year by the Securities and Commodities Authority (SCA), wherein DFM played a pivotal role with the market regulator in the fruition of the CCP regulation.
