Approved Banks for Non Cash Collateral

Clearing Members can deposit their Clearing Commitment in the form of Cash, as well as Non-Cash.

Non-Cash instruments include the following :

  1. Term Deposits issued by an Approved Bank
  2. Letters of Guarantee issued by an Approved Bank

The list of Approved Banks for Non-Cash collateral instruments is provided below.

1.Term Deposits
Sr. No.Local Banks in UAE
1 Emirates NBD Bank
2 Bank of Baroda
3 HSBC Bank Middle East
4 Standard Chartered Bank
5 Bank of China
6 Industrial and Commercial Bank of China

2.Letters of Guarantee
Sr. No.Local Banks in UAE
1 Abu Dhabi Commercial Bank
2 Al Masraf (Arab Bank for Investment and Foreign Trade)
3 Bank of Sharjah
4 Commercial Bank International
5 Commercial Bank of Dubai
6 Emirates NBD Bank
7 First Abu Dhabi Bank
8 Invest Bank
9 Mashreq Bank psc
10 National Bank of Fujairah
11 National Bank of Ras Al-Khaimah
12 National Bank of Umm Al Quwain
13 Sharjah Islamic Bank
14 Union National Bank
15 United Arab Bank

Foreign Banks in UAE
Sr. No.Foreign Banks in UAE
1 ABN-Amro Bank N.V.
2 Al Ahli Bank of Kuwait K.S.C.P
3 Arab Bank Plc.
4 Bank of Baroda
5 Bank of China
6 Banque Misr
7 Barclays Bank Plc.
8 BNP Paribas
9 Citibank N.A.
10 Credit Agricole Indosuez
11 Habib Bank Limited
12 HSBC Bank Middle East
13 Lloyds TSB Bank Plc.
14 National Bank of Bahrain
15 Standard Chartered Bank
16 United Bank Limited