1.1 Bank: Any juridical person licensed in accordance with the provisions of the Central Bank Law, to primarily carry on the activity of taking deposits, and any other Licensed Financial Activities.

1.2 Branch Capital: shall mean the fully paid-up capital at branch level as defined in the Minimum Capital for Banks Regulation.

1.3 Central Bank: The Central Bank of the United Arab Emirates.

1.4 Central Bank Law: Decretal Federal Law No. (14) of 2018 regarding the Central Bank & Organization of Financial Institutions and Activities as amended.

1.5 ECAI: External Credit Assessment Institution.

1.6 Intraday: funds which can be accessed during the business day, usually to enable financial institutions to make payments in real time.

1.7 Group Of Connected Counterparties: a group of connected counterparties as defined in Article 4 of this regulation.

1.8 Qualifying Central Counterparty: A qualifying central counterparty as defined in the Capital Adequacy Standards.

1.9 Related Parties: the Group and its Controlling Shareholders, members of the board and senior management (and their Relatives) and persons with control, joint control or significant influence over the Bank (and their Relatives).

1.10 Relatives: The individual's parents, siblings and children.

1.11 Sovereign: for the purpose of this regulation, sovereign refers to the UAE Federal Government and any other foreign sovereign with a long term credit rating of at least AA- (or its equivalent) issued by an ECAI recognized by the Central Bank.

1.12 The Unknown Client: where the counterparty of an exposure is unknown to the Bank, for example because a structure does not disclose exposures below a certain threshold, the exposure should be assigned to “the unknown client', to which the large exposure limit applies. For the avoidance of doubt, the exposure to the unknown client is the aggregate of all exposures across all such transactions, regardless of whether they are related in any way.