Dubai
The Dubai Commodities Clearing Corporation (DCCC), a Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), announced its recognition as a third-country CCP (TC-CCP) by the European Securities and Markets Authority (ESMA).
This recognition was granted to the DCCC on March 30 under the European Market Infrastructure Regulation (EMIR), adopted in July 2012, the DCCC said in an emailed statement.
DCCC is one of the largest and most diversified CCP operators in the Middle East and has handled DGCX’s clearing without a single default since inception. DCCC is the only CCP in the Middle-East that offers clearing services across multiple asset classes: FX, precious metals, energy and equity derivatives.
