CIRCULAR NO. 24/23 - MARGIN PARAMETERS

26 May 2023 02:30 PM

Published: May 26, 2023 03:30:49 PM
Sequence No.: 80
ISIN: --

Nasdaq Dubai Circular No. : 24/23

Date of Issue : May 26 2023

Effective Date : May 30 2023

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 PJSC	AED	100	11%	92	19
2	*ADNCDT	Abu Dhabi National Oil Co for	AED	100	11%	43	9
3	ALDAR	Aldar Properties PJSC	AED	100	11%	54	11
4	EAND	Emirates Telecommunications Gr	AED	100	11%	251	51
5	FAB	First Abu Dhabi Bank PJSC	AED	100	12%	150	30
6	MSCIAE	MSCI UNITED ARAB EMIRATES Net	USD	10	9%	645	129
7	ALARKN	Dar Al Arkan Real Estate Devel	SAR	100	13%	207	42
8	ALINMA	Alinma Bank	SAR	100	11%	355	71
9	EEC	Etihad Etisalat Co	SAR	100	11%	484	97
10	KAYAN	Saudi Kayan Petrochemical Co	SAR	100	11%	143	29
11	*MAADEN	Saudi Arabian Mining Co	SAR	100	13%	832	167
12	MARAI	Almarai Co JSC	SAR	100	12%	648	130
13	PETROR	Rabigh Refining & Petrochemica	SAR	100	16%	174	35
14	RJHI	Al Rajhi Bank	SAR	100	11%	825	165
15	SABIC	Saudi Basic Industries Corp	SAR	100	10%	941	189
16	SACCO	Saudi Cement Co	SAR	100	11%	616	124
17	SECO	Saudi Electricity Co	SAR	100	11%	257	52
18	SEERA	Seera Group Holding	SAR	100	11%	288	58
19	FTSESA	FTSE Saudi Arabia Total Return	SAR	5	9%	1064	213

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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