Examples of UAE Central Bank in a sentence
Neither the UAE Central Bank, the Emirates Securities and Commodities Authority, nor any other licensing authority or government agency in the UAE has responsibility for reviewing or verifying any Plan Documents nor taken steps to verify the information set out in them, and thus, are not responsible for such documents.
For the purposes of the consolidated statement of cash flows, cash and cash equivalents comprise cash on hand and other balances with the UAE Central Bank (excluding statutory reserve) and money market placements which are maturing within three months from the value date of the deposit or placement.
This offer is strictly private and confidential and the terms of such offer have not been reviewed by, deposited or registered with the UAE Central Bank, the UAE Securities and Commodities Authority or any other licensing authority or governmental agencies in the United Arab Emirates.
The level of reserve required changes every month in accordance with the UAE Central Bank directives.
The Issuer, or any previously substituted company, may, subject to the extent so required, to the approval of the UAE Central Bank (including any successor thereto as the relevant regulator of banks in the UAE), at any time, without the consent of the Holders, substitute for itself as principal debtor under the Notes any member of the Group (the ‘‘Substitute’’) provided that no Event of Default is subsisting at the relevant time.
The Group is following the standardised approach for credit, market and operational risk, as permitted by the U.A.E. Central Bank and as per Pillar 1 of Basel III.
ENBD operates in the UAE under a banking licence issued by the UAE Central Bank.
Cash and cash equivalent consists of cash at bank, current account with the UAE Central Bank, due from banks and Group Holding Company (including short-term Murabaha) less due to banks and Group Holding Company.
The Plan is strictly private and confidential and has not been reviewed by, deposited or registered with the UAE Central Bank or any other licensing authority or governmental agencies in the United Arab Emirates.
The entire process was completed on 9th of October 2004 (the “Transformation Date”) when the Bank obtained the UAE Central Bank and other UAE authorities’ approvals.The Bank is a subsidiary of Emirates NBD PJSC, Dubai (the “Group Holding Company”).