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DMCC Delivers Golden Initiatives

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DMCC Delivers Golden Initiatives

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    2. Dubai Multi Commodities Centre (DMCC)

    3. “Dubai has an impressive history in the international gold market but the future is ever more exciting” Colin Griffith 3rd City of Gold Conference, February 2005

    4. Dubai Gold Receipt (DGR) February 2005

    5. Dubai Gold Receipt (DGR) April 2006: Adopted by DGCX as delivery mechanism. Delivery successfully completed for first two gold futures contracts on DGCX. Silver introduced. 64 members

    6. DGR Members

    7. Gold Sukuk dmcc February 2005

    8. Gold Sukuk dmcc April 2006 Sharia compliant financing arrangements concluded “Road Shows” in London, Switzerland, Kuala Lumpur, Singapore, and major GCC destinations Closed in May 2005 well over-subscribed Listed on the DFM & Luxembourg Stock Exchanges DMCC & issue were rated “A” stable by Standard & Poors Pricing of 6-month LIBOR + 0.60%

    9. Gold Sukuk Geographic Distribution

    10. Dubai Good Delivery February 2005

    11. Dubai Good Delivery April 2006: Gold, 14 approved global refiners Silver introduced in January 2006; so far 10 approved refiners Used as delivery standard for DGCX gold & silver contracts; 2 deliveries already completed

    13. DGD Approved Gold Refiners AGR Matthey, Australia Argor Heraeus, Switzerland Emirates Gold, Dubai- UAE Heraeus Limited, Hong Kong Johnson Matthey, Hong Kong Johnson Matthey Inc., USA Matsuda Sangyo, Japan Metalor Technologies, Switzerland Musuku, South Africa PAMP, Switzerland PT Antam Tbk, Indonesia Rand Refinery, South Africa Tanaka Kikinzoku, Japan Valcambi, Switzerland

    14. DGD Approved Silver Refiners

    15. Dubai Gold & Commodities Exchange DGCX February 2005

    16. DGCX - Milestones

    17. Dubai Gold & Commodities Exchange The launch, November 2005

    18. DGCX – Prominent Overseas Members Deutsche Bank * Bank of Nova Scotia (Mocatta) * Standard Bank Plc Mitsui Precious Metals Man Group Goldas Just approved: HSBC *

    19. DGCX - Volumes

    20. DGCX - Future Plans Global Expansion of membership base Further industry training Joining hands with other major exchanges Extension of DGCX products Currencies futures Due May/June Steel futures Due September Marine Fuel Oil Due September Gold options Due October/November Cotton Work in progress Freight Rates Work in progress Pulses Work in progress Others as per market demand

    21. Dubai Multi Commodities Centre (DMCC)

    22. “Dubai has an impressive history in the international gold market but the future is ever more exciting” 3rd City of Gold Conference, February 2005

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