DCCC operates as a Central
Counter Party (CCP) offering fully integrated clearing & settlement services and collateralization of exchange traded derivatives.
The repurchases under the ASR agreements will close by the third quarter of 2016, although each ASR
counter party may rightfully accelerate settlement of its respective ASR under certain circumstances.
This will facilitate movement of cash and securities from investors between two countries, with the
counter party risk handled by both exchanges, providing the investors with arbitrage opportunities.
It's an "agency agreement", whereby the
counter party or the bank itself (in case of borrowing of funds) provides an estimated profit rate of return, and the recipient can cancel the transaction in the event the prospective profit rate is not as the expected rate of return, and therefore then demanding the return of the funds with the accrued profit amount.
A world's first, this initiative is aligned with recent global regulations on mandatory clearing for non-deliverable FX forwards and FX optionsvia a Central
Counter Party.
The Exchange's diversified product offering and clearing solutions placed it well to capture market participants' increased demand for low
counter party risk instruments," said Malcolm Wall Morris, chief executive officer of DGCX.
better terms than those available on the open market, reduced transaction costs, and the assurance that a
counter party will be available for a proposed trade), the DOL still has some concerns about the protection of plan assets from fiduciary abuses.
The company provides direct market access platform to all Gulf Middle East and US markets through one
counter party contract in association with their parent investment bank in Bahrain, Mubasher Financial Services.
Dubai: Standard & Poor's Ratings Services yesterday said it had lowered its long- and short-term
counter party credit ratings on Dubai Islamic Bank to A-/A-2 from A/A-1 and revised its outlook on the bank to negative from stable.
He also said that Takasbank will be a central
counter party' (the seller for the purchaser and the purchaser for the seller) in order to remove the
counter party risk in new money market, adding that this practice will guarantee a market infrastructure that will be trusted by domestic and foreign organizations.
