ADX utilizes First Abu Dhabi Bank (FAB) as the designated settlement bank for all transactions. The standard settlement currency is United Arab Emirates Dirhams (AED) unless otherwise specified.
The clearing and settlement process ensures the smooth and secure completion of your trades on the Abu Dhabi Securities Exchange (ADX). It acts as the final step after executing a trade, guaranteeing delivery of securities and timely payment. ADX follows a T+2 rolling settlement cycle, meaning trades settle two business days after execution (T-Day). This ensures efficient transfer of funds and shares electronically through a designated settlement bank.
ADX facilitates trading through various members:
The ADX settlement process follows a T+2 rolling settlement cycle, which means trades are settled two business days after the trade execution date (T-Day).
This cycle is "rolling" because it applies to all trades executed on any given business day. So, trades executed on Monday (T-Day) will settle on Wednesday (T+2), while trades executed on Tuesday will settle on Thursday (T+2), and so on.
Settlement will not occur on public holidays declared by the Government of UAE and CBUAE. Please check the official calendar here.
