The Presidents/ Chief Executives,

All Commercial Banks/ Primary Dealers

Dear Sir/Madam,

List of Authorized Derivatives Dealers (ADDs)

.

This refers to the Financial Derivatives Business Regulations (FDBR) issued by SBP vide BSD Circular No.17 dated 26 November, 2004.

Please be advised that the following banks have been granted the license to conduct derivatives business as Authorized Derivatives Dealers (ADDs) in Pakistan:

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

The list will be duly updated as and when required.