DUBAI COMMODITIES RECEIPTS

DCRs are negotiable warehouse receipts that improve the financing of commodity trade and combat fraud. The DCR System is a mechanism for the creation of warehouse receipts for goods stored in Dubai, but also a facility within which these receipts can be transferred among members of the System and used to obtain finance from financier members. These transactions are made on an electronic, web-based platform that ensures efficiency, speed and security.In order to transact business on the DCR system a trader, warehouse operator, collateral manager, Inspection Company or bank must first have been approved by DMCC as a DCR Member. DMCC-approved Issuers issue DCRs online. Once issued, a DCR can be viewed online by the trader, transferred to another trader or pledged to a bank as security for a loan.