CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
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BC-8.9.20

Conventional bank licenseesG must close out a retail customerG 's open position if that customerG has failed to meet a margin call within a maximum of five business days following the date on which the obligation to meet the call accrues, unless:

(a) The conventional bank licenseeG has received confirmation from a relevant third party (such as a clearing firm) that the retail customerG has given instructions to pay in full; or
(b) The conventional bank licenseeG has taken reasonable care to establish that the delay is owing to circumstances beyond the retail customerG 's control.
Amended: January 2011
Added: April 2008
 Versions
(2 Versions)
 
Apr 1 2008 - Dec 31 2010Jan 1 2011 onwards
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