CIRCULAR NO. 62/20 - MARGIN PARAMETERS

30 November 2020 03:57 PM

Sequence No: 205/2020
ISIN:PUBLISHED ON NOVEMBER 30, 2020 BY NASDAQ DUBAI

Nasdaq Dubai Circular No. : 62/20

Date of Issue : November 30^th 2020

Effective Date : December 7^th 2020

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 (Amount per contract)	Intermonth spread charge (Amount per spread)
1	ADCB	ABU DHABI COMMERCIAL BANK	AED	100	14%	86	18
2	ADNCDT	ABU DHABI NATIONAL OIL CO FO	AED	100	11%	38	8
3	ALDAR	ALDAR PROPERTIES PJSC	AED	100	18%	56	12
4	ETISLT	EMIRATES TELECOM GROUP CO	AED	100	14%	251	51
5	FAB	FIRST ABU DHABI BANK PJSC	AED	100	17%	211	43
6	ADI	Abu Dhabi Securities Market General Index	AED	10	12%	5966	1194
7	DFMGI	Dubai Financial Market General Index	AED	10	10%	2459	492
8	MSCIAE	MSCI United Arab Emirate	USD	10	13%	682	137
9	ALARKN	DAR AL ARKAN REAL ESTATE DEV	SAR	100	10%	90	18
10	ALINMA	ALINMA BANK	SAR	100	11%	182	37
11	EEC	ETIHAD ETISALAT CO	SAR	100	11%	314	63
12	KAYAN	SAUDI KAYAN PETROCHEMICAL CO	SAR	100	10%	121	25
13	MAADEN	SAUDI ARABIAN MINING CO	SAR	100	12%	487	98
14	MARAI	ALMARAI CO	SAR	100	11%	594	119
15	PETROR	RABIGH REFINING AND PETROCHE	SAR	100	15%	218	44
16	RJHI	AL RAJHI BANK	SAR	100	10%	783	157
17	SABIC	SAUDI BASIC INDUSTRIES CORP	SAR	100	11%	1079	216
18	SACCO	SAUDI CEMENT	SAR	100	11%	668	134
19	SECO	SAUDI ELECTRICITY CO	SAR	100	10%	219	44
20	SEERA	SEERA Group Holding	SAR	100	12%	238	48
21	FTSESA	FTSE Saudi Arabia Total Return Index	SAR	5	8%	687	138

Equity Margin rate

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

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