HSBC executes debut SLB transaction on the DFM
The execution of the first international SLB transaction by HSBC is the latest step in the continued evolution of Dubai’s capital markets.
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The execution of the first international SLB transaction by HSBC is the latest step in the continued evolution of Dubai’s capital markets.
<ul> <li><b>HSBC to commence equities clearing in May 2022 and is looking at the opportunity to offer equities futures clearing</b></li> <li><b>Announcement underlines international institutional demand for opportunities on DFM</b></li> </ul>
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 coun...