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The Master Repurchase Agreement serves as the primary contractual framework for institutions engaging in repurchase transactions within the UAE financial markets. This document is essential when parties intend to enter into multiple repurchase transactions without negotiating separate terms for each deal. It includes comprehensive provisions covering transaction initiation, pricing, margin maintenance, default scenarios, and remedies, all aligned with UAE federal laws and Central Bank regulations. The agreement is designed to accommodate both conventional and Islamic finance structures, making it versatile for various financial institutions operating in the UAE's dual banking system. Special attention is given to local regulatory requirements, including those of the Securities and Commodities Authority and the Central Bank of UAE.

1. Parties: Identification of the contracting parties, including their legal status and registered addresses

2. Background: Context of the agreement and relationship between the parties

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation

4. Initiation and Confirmation: Procedures for initiating transactions and confirming their terms

5. Transfer of Title and Securities: Provisions governing the transfer of securities and establishment of ownership rights

6. Pricing and Payments: Calculation of purchase price, repurchase price, price differential, and payment mechanisms

7. Margin Maintenance: Requirements and procedures for maintaining margin, including margin calls and transfers

8. Income Payments: Treatment of income received on purchased securities during the transaction

9. Events of Default: Definition of default events and consequences thereof

10. Remedies and Set-off Rights: Available remedies upon default and rights of set-off

11. Tax Provisions: Treatment of taxes and tax-related obligations

12. Representations and Warranties: Standard and transaction-specific representations and warranties

13. Covenants: Ongoing obligations of the parties

14. Term and Termination: Duration of agreement and termination provisions

15. Notices: Communication procedures and contact details

16. Governing Law and Jurisdiction: Choice of UAE law and jurisdiction provisions

17. General Provisions: Standard boilerplate clauses including amendments, assignments, and severability