i

This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our
Privacy Policy for more information

عربى
Money Market

Money Market Placements and Borrowing

Money Market Desk is responsible for managing the bank’s short term liquidity requirements using wide range of solutions within interbank market. The Desk also  manages relationships with market making interbank counterparties, regional institutional customers, and the UAE Central Bank Treasury Dept.

Foreign Currency Deposits

UAB accept major foreign currencies deposits with the minimum amount equivalent to US 25,000/- or more. Major currencies like USD, EUR and GBP rates are quoted.

Repo

A repurchase transaction involves a purchase or sale of securities with a simultaneous agreement to reverse the transaction at an agreed date and price in the future. This effectively is a “collateralized” cash loan, with securities being used as collateral.

Reverse Repo

A reverse repurchase agreement is simply a repurchase agreement from the dealer’s perspective rather from the counterparty’s perspective. Therefore, if the dealer borrows money, it is a Repo. If the dealer lends money, it is a Reverse Repo.

TALK TO US TODAY

You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

welcome to UAB live
Please give us a few details and allow us to help you better
captcha