Dubai Commodities Clearing Corporation joins Euroclear's Collateral Highway

As reported by FTSE Global Markets:

Scheduled for full operation in early 2014, the deal with Euroclear will enable clients of DCCC and DGCX to use CCP-eligible securities held in Euroclear Bank – and in all other entities connected to the Collateral Highway – as collateral to fulfil initial and variation margin requirements at DCCC.

The full article is available at http://www.ftseglobalmarkets.com/news/middle-east-central-counterparty-joins-euroclears-collateral-highway.html?goback=%2Egde_137882_member_272747751#%21

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