ADX prepares to introduce DvP process

Rashid Al Balouchi, chief executive officer, ADX, met with the custodian members to discuss developments targeting the implementation from the trading date of May 5, 2013. ADX custodian members which are licensed by the Emirates Securities and Commodities Authority are HSBC, National Bank of Abu Dhabi, Standard Chartered Bank, Deutsche Bank and Citi Bank.

ADX’s decision to meet with the custodians comes in the course of its efforts to confer with its stakeholders and to acquire their sight regarding the execution of the enhanced DvP model.