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Support continued towards improvement of beneficial ownership framework in Azerbaijan

Support continued towards improvement of beneficial ownership framework in Azerbaijan
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Support continued towards improvement of beneficial ownership framework in Azerbaijan

The Two Companies Celebrate A Momentous First Year Of Operations: Dubai Clear And Dubai CSD Fly The Flag For Excellence And Advancement Of Post-Trade Services In The UAE

      Dubai Central Clearing & Depository Holding (DCCD), a subsidiary of Dubai Financial Market (DFM), today announced that both Dubai Clear (LLC) and Dubai CSD (LLC) have successfully registered a robust performance during the first year of operations since both companies’ official launch on 28 April 2020, driving business excellence and advancement of post-trade services in Dubai and the UAE. As the first local equities CCP in the UAE and the region, Dubai Clear has guaranteed trade settlements amounting to AED 15.6 billion during its first year of operations. Dubai Clear reduced counterparty risk to Clearing Members as well as enhanced risk management of trade settlement through the creation of a Settlement Default Fund based on international best practices to handle any potential defaults by Clearing Members.

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