Details
Transferring securities from the account of Trading Member licensed by DFM to the account of the employees
Fees
.005 (five per thousand) of the shares market value, with minimum of AED 300 (No. of shares*market value*rate)
0.0005 (five per ten thousand) of the Bonds & Sukuk, with minimum of AED 300 (No. of units*unit value/100*market value*rate)
0.0005 (five per ten thousand) of the Bonds & Sukuk, with minimum of AED 300 (No. of units*unit value/100*market value*rate)
Procedures
1. The Trading Member should submit an official letter specifying the transfer request along with the required documents to Dubai CSD.
2. Dubai CSD will send an official letter to the Trading Member confirming the transfer of the securities and will issue a voucher with the fees required to be paid as well.
2. Dubai CSD will send an official letter to the Trading Member confirming the transfer of the securities and will issue a voucher with the fees required to be paid as well.
Required Documents
- The original concession agreement, which is to be certified by the notary public, as regards to the conformity of the signatures and data, accordingly stamping the enclosed copy of the concession contract as an exact image of the original.>br> • Authenticating the letter of the transferor as regards to ensuring that the investor’s number is updated, the securities are in the Dubai CSD account and the signature is authentic.
- An official letter from the Trading Member requesting approval of the transfer of securities ownership from the account of one investor to another, stating the data of the transferor, transferee, the number and type of securities.
- Enclosing either the concession agreement or the letters of the transferor/transferee addressed to Dubai CSD stating that they do not object to pledging the securities between the two parties.
How to Apply
Submit your requests through your Trading Member