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Membership

A member will be required to sign an agreement with Dubai Clear for clearing services. Dubai Clear members will be required to be approved by the Securities and Commodities Authority (SCA) before applying for a Dubai Clear membership.

Types of Membership

The following categories of membership are provided by Dubai Clear:
Trading Clearing Members Authorized to clear proprietary and Client trades executed by themselves as a Trading member of the Exchange.
Trading Clearing Members ProprietaryAuthorized to clear proprietary executed by themselves as a Trading member of the Exchange.
General Clearing MembersAuthorized to clear proprietary and Client trades executed by themselves as a Trading member of the Exchange or trades executed by any other Non-Clearing Trading member of the Exchange
Settlement AgentsAuthorized to settle Client trades on behalf of Clearing Members for DVP clients.

The requirements for each category of membership are set out below:

Membership Category

Minimum Collateral Requirement

Member Type

Securities Market

Derivatives Market

Both Securities & Derivatives Market

Trading Clearing Member (TCM)AED 10 millionAED 5 millionAED 15 million
Trading Clearing Member Proprietary Trading (TCMP)AED 5 millionAED 2 millionAED 7 million
General Clearing Member (GCM)AED 50 millionAED 10 millionAED 50 million
Settlement Agent (SA)AED 50 millionN/AN/A
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New Clearing Member

The following institutions may apply for Clearing Membership with Dubai Clear LLC:

A trading member in the stock exchange carries out the clearing and settlement process for its own trades or for its clients. (Trading Clearing Member)
A General Clearing Member (GCM) licensed by SCA to conduct the business activities of a general clearing member pursuant to The Authority’s Board of Directors’ Decision No. (36/R.M) of 2019 Concerning General Clearing Member Activity
SCA Regulations
The ‘Procedures for Registration of Trading Clearing Members, Clearing Members & Settlement Agent’ can be found under the Dubai Clear Regulations, Policies and Procedures section.