Dubai Financial Market 3
Investment in the market
Interdependence between the systems in the market
The process of trading, clearing and settlement of funds in the Dubai Financial Market through two namely the clearing and settlement and trading system. Clearing and settlement system is a global system to ensure maximum effectiveness of e-things accomplished in the clearing and settlement day. The trading system is an electronic system used by intermediaries in the implementation of customer orders on the trading securities and through the mediator can control or investor requests and offers of buying and selling online. Associated with the clearing system and settlement system and trading with each other electronically, meaning that any deal be completed in the Trading System, offset by the immediate change in the register of securities is located in the clearing system and settlement. And so is the transfer of ownership from the seller to the buyer upon completion of the transaction. Therefore, the investor gets the full service and safe to purchase or sell securities. Since all the securities of the points listed in the market is maintained in the clearing and settlement system, there is no need for certificates of securities trading, which is considered safer and more effective for the investor.
Requirements and procedures for trading in Dubai Financial Market
So that the investor trading in Dubai Financial Market, it must follow the following steps: - 1. Get No investor in the Dubai Financial Market, by mobilizing "investor data entry form" with the Office of Investor Services in Dubai Financial Market or one of the mediators accredited by the market. 2. Open an account with one of the mediators accredited by the market, by mobilizing "form opens a trading account."
Documents to be attached to "investor data entry form":
A - of individuals.
1. For the citizens of the state:
- A copy of the passport and family book.
- Copy of driving license (if any).
2. Non-citizens of the state:
- A copy of (and documents at least): the passport, business card (for those residing in the United Arab Emirates), a birth certificate, official identity derived from the government (such as driver's license or social security card).3. Investor Signature Form, signed by the investor / agent / guardian.4. If the number of the investor to an individual institution, you must attach a copy of Trade License and Commercial Registration.5. If the investor representative (agent) must attach a copy of the authorization, certified by a notary public, in addition to a copy of the passport of the representative (agent).6. If the investor is a minor (less than 21 years old), and the guardian is a parent, you must attach a copy of guardianship papers certified by the notary together with a copy of the passport of a guardian.
B - for firms
1. Copy of Trade License and Commercial Registration (must be ratification of the Embassy of the United Arab Emirates Ministry of Foreign Affairs of the State of nationality of the corporation, in the case of companies not licensed in the State of the United Arab Emirates). 2. Copy of the book to authorize the Director or representative of the company, certified by a notary public, in addition to a copy of the passport of the representative. 3. Investor Signature Form, signed by the manager or company representative authorized to sign. 4. A list of board members and partners, their nationalities and numbers of investors own (if any).
Documents to be attached to "form to open an account for trading":
A - of individuals.
1. The citizens of the State:
- a copy of the passport and the summary entry.
2. Non-citizens of the state:
- A copy of (and documents at least): the passport, business card (for those residing in the United Arab Emirates), a birth certificate, official identity derived from the government (such as driver's license or social security card).3. If the number of the investor to an individual institution, you must attach a copy of Trade License and Commercial Registration.4. If the investor representative (agent) must attach a copy of the authorization, certified by a notary public, in addition to a copy of the passport of the representative (agent).5. If the investor is a minor (less than 21 years old), and the guardian is a parent, you must attach a copy of guardianship papers certified by the notary together with a copy of the passport of a guardian.6. If the account is shared, you must attach all the requirements listed above for each person involved in the calculation.B - Business 1. Copy of Trade License and Commercial Registration (must be ratification of the Embassy of the United Arab Emirates Ministry of Foreign Affairs of the State of nationality of the corporation, in the case of companies not licensed in the State of the United Arab Emirates).2. Copy of the book to authorize the Director or representative of the company, certified by a notary public, in addition to a copy of the passport of the representative.3. A list of board members and partners.
Typical ways of providing data entry investor open a trading
account
The investor can make and model, "Data Entry investor" and a model "open account trading," Personally, the DFM or through a mediator accredited by the market (in case of inability to attend personally invested in the market).A - submission in person to the Dubai Financial Market:
1. If the investor owns securities of one of the parties listed in the market, it must fill a form, "Data Entry investor" and accompanied by the required documents, "as mentioned earlier," also recognizes certificates of securities of the Office of depository, clearing and settlement with the Dubai Financial Market, or to the Registrar of the listed in order to obtain a number of the investor.
2. If the investor is new, he must attend to the Office of Investor Services in Dubai Financial Market (from eight o'clock am to two in the afternoon) Saturday to Thursday, to fill out a form, "Data Entry investor" and attach the required documents (as mentioned previously), a number that investor .3. Head for the investor who acquires "Investor Number" to one of the mediators present in the market to fill out a form "to open a trading account" and attach the required documents (as mentioned previously).4. After completion, the investor can start to buy securities listed on the Dubai Financial Market.5. The investor mobilization "paradigm-shifting of securities between CDS and Broker," which is available to all brokers accredited to the market. Mediator of the process of transforming the investor leaves the investor to a financial account with the Broker when completed.6. The investor can sell these securities through the broker.B - through a mediator accredited by the market:1. If the investor owns securities of one of the parties listed in the market, it must fill a form, "Data Entry investor" and accompanied by the required documents, "as mentioned earlier," also recognizes certificates of securities of the Office of depository, clearing and settlement with the Dubai Financial Market, or to the Registrar of the listed in order to obtain a number of the investor.2. If a new investor, it must go to a mediator accredited to the market, and fill a form, "Data Entry investor" Add to Form "to open a trading account" with the mediator and accompanied by the required documents as stated previously.
3. Based investor should go to a mediator accredited to the market, fill out a form "to open a trading account" only the form and attach the required documents as stated previously.
4. The investor is filling out a form "signature of the investor" and ratification by the broker who deals with him, or one of those listed in the market or the bank is supported by the UAE Central Bank.
5. The investor of the new issue and submit a letter to the mediator empowered by the receipt number invested in Dubai Financial Market.
6. After obtaining the Investor Number and open an account for trading with the broker, the investor can purchase securities listed on the market.
7. The investor mobilization "paradigm-shifting of securities between CDS and Broker," which is available to all brokers accredited to the market. Mediator of the process of transforming the investor leaves the investor to a financial account with the Broker when completed.
8. The investor can sell these securities through the broker.
The actual commencement of trading
The investor can give buy and sell orders for the argument by the presence in person and fill out a form to a sale / purchase or through the phones for brokers by the market in their offices to the market, or using a fax broker in the market and after filling out a form authorization to receive orders by fax , or by e-mail. All calls made by phone for brokers registered by the market, which can be consulted in case of conflicts between the broker and the investor.There are several options in view of buy and sell orders in terms of price and allocation of validity, and others.The broker execute the orders of the client at his request through the trading system on the Dubai Financial Market, once the command is executed, the system automatically converts the clearing of securities and / or to the account of that client with a mediator.The payment and accrual (for orders of sale and purchase) between the investor and broker in accordance with the terms agreed between them, and approved by the Dubai Financial Market, to be a transfer of funds transactions within 24 hours of receipt of the mediator investor's request for payment, or according to the agreement between them.For more information, contact the Office of Investor Services, located in the ground floor of the Dubai World Trade Center - Toll Free: 8004447, or one of the mediators accredited to the market.
