Dubai Gold & Commodities Exchange (DGCX) announces the appointment of Bank of China (BOC), as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) which is a wholly owned subsidiary of DGCX. With the addition of Bank of China, DCCC has expanded its network of Settlement Banks to five with Emirates NBD, Standard Chartered, HSBC and Bank of Baroda as existing Settlement Banks. Bank of China is the first Chinese bank to be appointed as a Settlement bank and would be operating through its Abu Dhabi branch. This partnership will enable DCCC members to open their settlement banks account and process their settlement obligations for the trades executed on DGCX along with other services offered by the Bank.
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