The Dubai Commodities Clearing Corporation (DCCC) is a Central Counterparty (CCP) providing clearing and settlement services to the Dubai Gold & Commodities Exchange (DGCX). DCCC is a wholly-owned subsidiary of DGCX which is in turn owned by the Dubai Multi Commodities Centre (DMCC). DMCC is a strategic initiative of the Government of Dubai, which regulates, promotes and facilitates trade across a range of commodities.
DCCC and DGCX commenced operations in 2005, with DCCC being the only CCP in the region, providing clearing and settlement services across a broad range of asset classes, encompassing base and precious metals, energy, foreign exchange, and equities.
DCCC is regulated by the Securities & Commodities Authority (SCA), has been authorised as a Third-Country CCP by the European Securities and Markets Authority (ESMA), and is also allowed to conduct clearing and settlement activities for transactions executed on the DGCX by institutions established in the Dubai International Financial Centre (DIFC), which are regulated by the Dubai Financial Services Authority (DFSA). In addition, DCCC is a member of CCP12, which is a global organisation of CCPs which works together on issues of mutual interest and benefit to minimise global systemic risk and enhance the efficiency and effectiveness of international markets.