DCCC offers settlement in UAE Dirhams
New facilities allow clearing members to provide Fixed Deposits and Bank Guarantees as collateral in UAE Dirhams
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The DCCC acts as the clearing house for DGCX and is therefore the central counterparty for each trade carried out on the Exchange. DGCX is the only Exchange in the region with local clearing house facilities – helping to safeguard participants against counterparty risk by acting as the seller to every futures contract bought and the buyer to every futures contract sold, thereby guaranteeing settlement.
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