CIRCULAR NO. 29/24 - MARGIN PARAMETERS

28 June 2024 02:33 PM

Published: Jun 28, 2024 03:33:43 PM
Sequence No.: 92
ISIN: --

Nasdaq Dubai Circular No.: 29/24

Date of Issue : June 28 2024

Effective Date : July 2 2024

Expiry Date : Upon issue of subsequent Margin Parameters Circular

MARGIN PARAMETERS

Any revision to the margin parameters is 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%	36	8
3	ALDAR	Aldar Properties PJSC	AED	100	10%	63	13
4	EAND	Emirates Telecommunications Gr	AED	100	11%	178	36
5	FAB	First Abu Dhabi Bank PJSC	AED	100	11%	137	28
6	MSCIAE	MSCI UNITED ARAB EMIRATES Net	USD	10	9%	645	129
7	ALARKN	Dar Al Arkan Real Estate Devel	SAR	100	12%	138	28
8	ALINMA	Alinma Bank	SAR	100	12%	358	72
9	*EEC	Etihad Etisalat Co	SAR	100	11%	587	118
10	KAYAN	Saudi Kayan Petrochemical Co	SAR	100	11%	88	18
11	MAADEN	Saudi Arabian Mining Co	SAR	100	12%	508	102
12	MARAI	Almarai Co JSC	SAR	100	10%	575	115
13	*PETROR	Rabigh Refining & Petrochemica	SAR	100	11%	74	15
14	RJHI	Al Rajhi Bank	SAR	100	10%	837	168
15	SABIC	Saudi Basic Industries Corp	SAR	100	11%	809	162
16	SACCO	Saudi Cement Co	SAR	100	11%	513	103
17	SECO	Saudi Electricity Co	SAR	100	11%	184	37
18	SEERA	Seera Group Holding	SAR	100	10%	263	53
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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