Business,Strategy,Series,Provi business, insurance Business Strategy Series II: Providing Brokerage Services in
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
Broker Members are entitled to trade on all the products listed by the DGCX either on proprietary basis or on behalf of clients. Broker members have to meet minimum Net Current Tangible Asset (NCTA) requirements specified by Exchange, and comply with a set of regulatory requirements specified in the DGCX By – Laws. Broker Members proposing to deal on behalf of clients, will be subject to statutory regulations. Broker Members will require a license from the Securities and Commodities Authority UAE (SCA). Following provisional admission to DGCX Broker Membership, the Exchange will submit the necessary papers to the SCA on the applicant’s behalf. Applicants for DGCX Broker Membership incorporated outside the UAE will be required to provide details of the regulatory arrangements they are subject to in their home jurisdiction. Before an applicant is approved as a Broker Member, the Exchange needs to carry out certain checks such as; - The applicant’s financial resources - The applicant’s expertise and experience as a broker in commodities, derivatives markets and/ or in securities, or other similar markets - The applicant’s likely contribution to the liquidity and development of DGCX markets - Fees and charges - Summary of Fees and Minimum Net Current Tangible Asset (NCTA) Requirements To apply for DGCX membership you need to firstly complete the application form. The application fees for Broker and Trade membership is US$ 1,000. The application fees are non – refundable even if the application is unsuccessful. Monies received into DGCX accounts in respect of Membership must represent the full fees as notified. Broker Memberships are currently offered at an Admission Fee of US$ 150,000. The membership fee will be refunded if the application is not approved. Refund requests for membership fees will be considered at the Exchange’s discretion while the application is in progress. However, once a membership application has been approved the fees become non-refundable. All associated remittance costs are to be paid by the Applicant.
Business,Strategy,Series,Provi