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-8.13.7

The minimum information that should be included in a transaction confirmation includes:

(a) The conventional bank licenseeG ’s name and address;
(b) Whether the conventional bank licenseeG executed the transaction as principal or agent;
(c) The customerG ’s name, account number or other identifier;
(d) Where relevant, a description of the collective investment undertaking or fund, including the amount invested or number of units involved;
(e) Whether the transaction was a sale or purchase;
(f) The price or unit price at which the transaction was executed;
(g) If applicable, a statement that the transaction was executed on an execution only basis;
(h) The date and time of the transaction or a statement that the time of execution will be provided on request;
(i) Due date and procedure for settlement of transaction and the bank account;
(j) The amount the conventional bank licenseeG charges in connection with the transaction, including commission charges and the amount of any mark-up or mark-down, fees, taxes or duties;
(k) The amount or basis of any charges shared with another person or statement that this will be made available on request;
(l) For collective investment undertakings, a statement that the price at which the transaction has been executed is on a historic price or forward price basis, as the case may be;
(m) The regulated market on which the transaction was carried out or the fact that the transaction was undertaken outside a regulated market; and
(n) Whether the retail customerG ’s counterparty was the conventional bank licenseeG itself or any other person in the conventional bank group.

Added: April 2008
 Versions
(1 Version)
 
Apr 1 2008 onwards
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