Direct Clearing Member of the Year 2024 Award

This award is a testament to the hard work of all Direct Clearing members who are dedicated to deliver clearing and settlement services over the year 2024 The award is attributed to the Member that shows best performances and records along the criteria items.

A judging committee will ascertain which is the best Direct clearing member based on the Data that shall be provided by Muqassa (Securities clearing center company) Criteria’s weight Percentage varies where the highest percentage with 20% is for violations to rules and procedures, while the lowest percentage of 5% is for Product & Services offering of each member.

Direct Clearing Member of the Year 2024 Award

• Classification of each member: General vs Direct
• Product offering of each member
• Services provided under each product
• Value and volume transacted under each product and under each service
• Compliance to margin requirements
• Commitment to quarterly financial reporting requirements
• Violations to rules and procedures
• Fines imposed:
• value of fines imposed with indication of severity of violation