Nasdaq Dubai Circular No.                          :  60/17

Date of Issue                                                 :  November 16^th 2017   

Effective Date                                                :  November 20^th 2017

Expiry Date                                                    :  Upon issue of subsequent Margin Parameters Circular

 

MARGIN PARAMETERS 

Any revision to the margin parameters are marked with an asterisk (*) and are as follows

Admitted Derivatives Contracts           

No.	Code	Underlying Instrument	Currency	Contract Size	Approx. margin rate+	Initial margin	Intermonth spread charge
						(Amount per contract)	(Amount per spread)
1	ADCB	ABU DHABI COMMERCIAL BANK	AED	100	12%	82	17
2	ALDAR	ALDAR PROPERTIES PJSC	AED	100	11%	25	5
3	*ARTC	ARABTEC HOLDING CO PJSC	AED	100	15%	38	8
4	DAMAC	DAMAC PROPERTIES DUBAI CO	AED	100	12%	43	9
5	DFM	DUBAI FINANCIAL MARKET PJSC	AED	100	11%	13	3
6	DIB	DUBAI ISLAMIC BANK	AED	100	11%	68	14
7	DIC	DUBAI INVESTMENTS PJSC	AED	100	11%	27	6
8	DPW	DP WORLD LTD	USD	100	11%	267	54
9	DXBE	DXB ENTERTAINMENTS PJSC	AED	100	11%	7	2
10	EMAAR	EMAAR PROPERTIES PJSC	AED	100	11%	88	18
11	ETISLT	EMIRATES TELECOM GROUP CO	AED	100	12%	198	40
12	FAB	FIRST ABU DHABI BANK PJSC	AED	100	11%	115	23
13	UPP	UNION PROPERTIES PJSC	AED	100	11%	9	2

  

   Equity Margin rate

No.	Security	Instrument Type/ Name	Currency	Margin rate
1	All Nasdaq Dubai Equities outsourced to the DFM	Equities	USD	20%

 

⁺Reflects the approximate margin rate used to compute weekly Scanning Range based on the underlying’s closing price on the Circular's date of issue.

 

Note: Margin parameters are subject to change depending on the volatility of the underlying securities.

General Notes: Corporate actions in the futures are denoted in the codes as:-
X: denotes first corporate action on a contract

Y: denotes second corporate actions on a contract

Z: denotes third corporate actions on a contract

 

The methodology of Margin calculation and types of Eligible Margin are available in the Operating Procedures:

http://www.nasdaqdubai.com/members/procedures