Pledge through DMCC Tradeflow Platform
Type
E-journal
Date
26 Aug 2016
Jurisdiction
Dubai
Taxonomy
Financial Services & Activities, Lending & Security
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The Dubai Multi Commodities Centre (DMCC) was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. Today the DMCC is recognised as one of the largest free zones in the United Arab Emirates (UAE) with over 12,000 registered companies under license.
In this article, we briefly discuss the operation of the DMCC tradeflow and the procedure for creation of a pledge through the DMCC tradeflow.