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Location: Central Bank of Bahrain Volume 3—Insurance > Part B > Glossary of Defined Terms > [ D ] > Domestic business
  • [ D ]

    • Dated subordinated debt

      A subordinated debt instrument whose maturity date is fixed at the time the instrument is issued.

    • Dependant

      A company that is a subsidiary of another company under the Commercial Companies' Law 2001 of the Kingdom of Bahrain.

    • Derivative contract

      A contract for differences (rights under any contract, the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in: i) the value or price of property of any description; or ii) an index or other factor designated for that purpose in the contract (futures, options, swaps and forwards).

    • Direct insurance

      Those dealings between insurance licensees and customers, excluding the business of reinsurance.

    • Director

      A person who is acting in the capacity of director of a firm (whether appointed or not or whether titled director or not). In the case of a sole trader, unincorporated body or partnership, a person directing its affairs or partner (of a partnership). This is a controlled function.

    • Domestic business

      For the purposes of the Business Conduct Module (BC), "Domestic business" means risks arising in or from within the Kingdom of Bahrain.

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