The Presidents/Chief Executives,

All Commercial Banks/Primary Dealers,

Dear Sir/Madam,

List of Authorized Derivatives Dealers (ADDs)

and Non-Market Maker Financial Institutions (NMIs)

This refers to Financial Derivatives Business Regulations (FDBR) issued by SBP vide BSD Circular No. 17 dated November 26, 2004, and DMMD Circular No. 2 dated January 17, 2012 on the captioned subject.

Please be advised that the list of Authorized Derivatives Dealers and Non-Market Maker Financial Institutions is updated and henceforth following banks will be allowed to conduct financial derivatives business as ADDs and NMIs in Pakistan:

Authorized Derivatives Dealers:

1. Citibank
2. Deutsche Bank
3. Faysal Bank Limited
4. Habib Bank Limited
5. Standard Chartered Bank (Pakistan) Limited
6. United Bank Limited

Non-Market Maker Financial Institutions:

1. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (FX Options Only)

The list will be duly updated as and when required.