The Presidents/Chief Executives

All Commercial Banks/Primary Dealers

Dear Sir/Madame,

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. 5, dated March 21, 2012 on the 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 N.A.
2. Deutsche Bank AG
3. Faysal Bank Limited
4. Habib Bank Limited
5. MCB Bank Limited
6. Standard Chartered Bank (Pakistan) Limited
7. United Bank Limited

Non-Market Maker Financial Institutions:

1. The Bank of Tokyo-Mitsubishi UFJ, Limited (FX Options only)

The list will be duly updated as and when required.