CIRCULAR NO.: 4/18 - MARGIN PARAMETERS
Nasdaq Dubai Circular No. : 04/18
Date of Issue : January 18th 2018
Effective Date : January 22nd 2018
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 |
Crncy |
Contract Size |
Approx. margin rate+ |
Initial margin |
Intermonth spread charge |
| (Amount per contract) |
(Amount per spread) |
||||||
| 1 |
ADCB |
ABU DHABI COMMERCIAL BANK |
AED |
100 |
10% |
74 |
15 |
| 2 |
ADNCDT |
ABU DHABI NATIONAL OIL CO FO |
AED |
100 |
16% |
43 |
9 |
| 3 |
ALDAR |
ALDAR PROPERTIES PJSC |
AED |
100 |
11% |
25 |
5 |
| 4 |
ARTC |
ARABTEC HOLDING CO PJSC |
AED |
100 |
15% |
41 |
9 |
| 5 |
DAMAC |
DAMAC PROPERTIES DUBAI CO |
AED |
100 |
12% |
40 |
8 |
| 6 |
DFM |
DUBAI FINANCIAL MARKET PJSC |
AED |
100 |
11% |
13 |
3 |
| 7 |
DIB |
DUBAI ISLAMIC BANK |
AED |
100 |
10% |
68 |
14 |
| 8 |
DIC |
DUBAI INVESTMENTS PJSC |
AED |
100 |
11% |
27 |
6 |
| 9 |
DPW |
DP WORLD LTD |
USD |
100 |
10% |
267 |
54 |
| 10 |
DXBE |
DXB ENTERTAINMENTS PJSC |
AED |
100 |
11% |
7 |
2 |
| 11 |
EMAAR |
EMAAR PROPERTIES PJSC |
AED |
100 |
10% |
76 |
16 |
| 12 |
EMRDEV |
EMAAR DEVELOPMENT PJSC |
AED |
100 |
10% |
59 |
12 |
| 13 |
EMRMAL |
EMAAR MALLS PJSC |
AED |
100 |
10% |
24 |
5 |
| 14 |
ETISLT |
EMIRATES TELECOM GROUP CO |
AED |
100 |
11% |
198 |
40 |
| 15 |
FAB |
FIRST ABU DHABI BANK PJSC |
AED |
100 |
10% |
115 |
23 |
| 16 |
UPP |
UNION PROPERTIES PJSC |
AED |
100 |
11% |
11 |
3 |
| 17 |
GFH |
GFH FINANCIAL GROUP BSC |
AED |
100 |
20% |
29 |
6 |
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:
Comments