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  • O O

    • Option(s)

      An option is a contract giving the buyer the right, but not the obligation, to buy or sell any of the following at a specific price on or before a certain date:

      (a) Currency of the Kingdom of Bahrain or any other country or territory;
      (b) Palladium, platinum, gold or silver; or other commodity;
      (c) Option to acquire or dispose of a financial instrument of the kind specified by this definition by virtue of the above.
      Added: January 2014

    • Originator Information

      a) The name of the payer.
      b) The address of the payer.
      c) The account number of the payer (where funds are being remitted from an account with your bank).
      Added: January 2019

    • Outsourcing

      The use of a person to provide customised services to a licensee other than by a director or employee of the licensee.

      Amended: January 2011

    • Outsourcing provider

      The person providing the customised services as described in the definition of "outsourcing".

    • Overseas specialised licensee(s)/Overseas licensee(s)

      A specialised licensee which is incorporated in an overseas jurisdiction and operates in the Kingdom of Bahrain through a branch licensed by the CBB.

      Amended: April 2012