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 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 Banque Misr
6 Barclays Bank Plc.
7 BNP Paribas
8 Citibank N.A.
9 Credit Agricole Indosuez
10 Habib Bank Limited
11 HSBC Bank Middle East
12 Lloyds TSB Bank Plc.
13 National Bank of Bahrain
14 Standard Chartered Bank
15 United Bank Limited