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ABU DHABI, 1st February, 2022 (WAM) -- As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general terms and conditions for its standing credit and liquidity insurance facilities, where licensed financial institutions in the UAE can access CBUAE reserves on an overnight or term basis by posting eligible collateral. The new terms and conditions, which will come into effect on 1st March, 2022, define the discretionary powers related to the activation of these facilities, and...

“The launch of the Monetary Bills programme earlier this year, along with the existing Islamic Certificates of Deposits programme, facilitates the development of this innovative facility," Khaled Mohamed Balama, governor of the CBUAE, said. “I am confident that the financial markets infrastructure deployed for this facility will not only enable licensed financial institutions to mitigate intraday liquidity risks, when there are timing mismatches between their daily inflows and outflows, but also help increasing efficiency of payments through the UAE Funds Transfer System.” President She...

UAE launches M-Bills in collaboration with Euroclear, Bloomberg ABU DHABI, December 21, 2020 The Central Bank of the UAE (CBUAE) has announced that a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced effective January 11 next year.    These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant with international standards, built and operated by Euroclear Bank.   The objective of the new issuance prog...

UAE launches M-Bills in collaboration with Euroclear, Bloomberg ABU DHABI, December 21, 2020 The Central Bank of the UAE (CBUAE) has announced that a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced effective January 11 next year.    These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant with international standards, built and operated by Euroclear Bank.   The objective of the new issuance prog...

Dubai: The Central Bank of the UAE has launched a new securities issuance programme - Monetary Bills - for licensed financial institutions and eligible investors. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform - compliant with international standards - built and operated by Euroclear Bank. “The objective is to provide a holistic solution to manage liquidity within the UAE banking sector,” the Central Bank said in a statement. The launch of the Monetary Bills (M-Bills) replaces the conventio...