Emirates NBD to Offer Clearing Services to Delma Brokerage
Emirates NBD, a leading bank in the region, today announced the finalizing of an agreement to supply cleaning solutions to UAE-based Delma Brokerage, making the brokerage company, the first non-affiliate Trading Member to sign with the bank.
Emirates NBD is currently the initial UAE-based financial entity to be authorized by 'SCA - Stocks and Commodities Authority as a 'General Clearing Member' supplying clearing and negotiation services to trading participants of the UAE's equity markets.
The signing ceremony happened in the presence of Her Excellency Dr. Maryam Buti Al Suwaidi, Deputy Chief Executive Officer for Licensing, Guidance and Enforcement, Assistant Under Assistant, SCA - Stocks and Commodities Authority; Khalid Al Shaikh - 'SCA Head of Licensing; Hassan Al Serkal, Head of Operations Department of Dubai Financial Market (DFM); Maryam Mohd Fekri - Head of Clearing up, Settlement and Vault Division of Dubai Financial Market (DFM); and Mohamed Al Muhairi - Head of Clearing, Settlement and Vault Department of Abu Dhabi Securities Exchange (ADX) and senior authorities from Emirates NBD and Delma Brokerage.
" As the first and just certified General Cleaning Member for the UAE equity markets, we are uniquely positioned to supply Trading Members in the UAE a range of tools and products along with access to credit centers which will certainly boost their functional and expense effectiveness," said, Tariq Bin Hendi, Executive Vice President and Head of Products & Advisory, Emirates NBD Group. "We delight in to prolong our relied on services to Delma Broker agent and waiting to remaining to sustain extra trading individuals in the UAE's markets."
Salem Al Mazrouei, Chairman of Delma Brokerage, revealed his joy at the calculated partnership in between Delma Brokerage firm and Emirates NBD, validating that it is the culmination of a long standing co-operation in between the two institutions.
Hisham Amer, CEO of Delma Brokerage, added: "This relocation will further shield capitalists and maintain their funds with our strategic partnership with Emirates NBD as a General Cleaning Member."
Seen below aware are Salem Al Mazrouei, Chairman of Delma Brokerage firm and Deeptha Premasinghe, Head - General Cleaning Member Solutions, Emirates NBD.
