INTERNATIONAL: DCCC Recognized as Clearing House by MAS

Wednesday June 16 2021

On 15^th June 2021, the Dubai Gold & Commodities Exchange (DGCX) published a notice that the Dubai Commodities Clearing Corporation (DCCC), the Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX) announced its recognition as a ‘Recognized Clearing House’ (RCH) by the Monetary Authority of Singapore (MAS), the country’s Central Bank and financial regulatory authority.

As a result of this recognition from the Monetary Authority of Singapore, DCCC is now able to offer clearing services to banks and financial institutions located in Singapore, a major, global financial hub. The DGCX exchange was also previously acknowledged by MAS as a ‘Recognized Market Operator’ (RMO) in 2008.

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