GTL Trading DMCC

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Bank Guarantee

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BANK GUARANTEE

GTL Trading DMCC accepts bank guarantees to fund your trading account and ensures a high level of protection for those funds in your account. We understand that, as a fund manager, money manager or corporate client, you may wish to keep your funds with your preferred bank in order to access them immediately when required.

Bank guarantees from AA-rated banks are accepted as margin commitments against margins requirements. However, a bank guarantee can be used for margin purposes only; any obligation which arises from volatility and calculated on mark-to-market needs to be fulfilled as required by the exchange clearing house on a daily basis. All clients must ensure that adequate funds are available in their trading accounts to ensure smooth trading operations and to avoid adverse market scenarios.

Bank guarantees can be issued for several accounts provided these are held in the same name as that which the bank guarantee has been issued in. A balanced ratio of 40% cash and 60% bank guarantee is recommended. A bank guarantee solution may be offered to clients on the basis of various factors such as banking approval, credit risk rating and the provision of a solid business plan.

APPROVED LIST OF LOCAL BANKS	APPROVED LIST OF INTERNATIONAL BANKS

Abu Dhabi Commercial Bank Abu Dhabi Islamic Bank Arab Bank for Investment & Foreign Trade Bank of Sharjah Commercial Bank International Commercial Bank of Dubai Dubai Islamic Bank Emirates Bank International First Gulf Bank Invest Bank Mashreq Bank National Bank of Abu Dhabi National Bank of Dubai National Bank of Fujairah National Bank of Ras Al Khaimah National Bank of Sharjah National Bank of Umm Al Quwain Union National Bank United Arab Bank	ABN-Amro Bank N.V. Al Ahli Bank of Kuwait K.S.C. Arab Bank plc. Bank of Baroda Banque du Caire Barclays Bank Plc. BNP Paribas Citibank N.A. Credit Agricole Indosuez Habib Bank Limited HSBC Bank Middle East Lloyds TSB Bank Plc. National Bank of Bahrain Standard Chartered Bank United Bank Limited