Details
Transferring pledged securities ownership from the account of a individual investor to the account of his or her establishment.
Fees
Free of charge.
Procedures
- The pledgee member should submit an official letter specifying the transfer request along with the required documents to Dubai CSD
- Dubai CSD will send an official letter to the pledgee member confirming the transfer of the securities and will issue a voucher with the fees required to be paid as well
Required Documents
- An official letter from the pledgee member addressed to Dubai CSD, confirming that the bank does not object to pledging securities to the investor’s pledge account under the individual establishment’s number
- A letter from the investor addressed to Dubai CSD advising that they do not object to pledging securities to the investor establishment’s individual number. They are to specify beneficiaries of the dividends, which should conform to the terms of the original pledge
- The investor is to send a copy of the business license to ensure that the establishment is 100% owned by the investor
How to Apply
Submit your requests through your pledgee Member.