Central Bank updates terms for standing credit and liquidity insurance facilities
The Central Bank of the UAE (CBUAE) has issued new general terms and conditions governing its standing credit and liquidity insurance facilities available to licensed banks. These terms clarify eligibility, drawdown procedures, collateral requirements, and fee structures for institutions accessing emergency liquidity support. Banks must review the updated terms immediately and ensure compliance with any new operational or documentation requirements.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Licensed banks must review the new terms and conditions and update internal policies, collateral management, and drawdown procedures to align with CBUAE requirements. Confirm eligibility status and documentation readiness for any future facility access.
Source
Source: Central Bank of UAE — official 1 Jan 2022 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Licensed banks must review the new terms and conditions and update internal policies, collateral management, and drawdown procedures to align with CBUAE requirements. Confirm eligibility status and documentation readiness for any future facility access.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
1 Jan 2022.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-launches-new-general-terms-and-conditions-for-its-standing-credit-and-liquidity-insurance-facilities/
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