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CA-1.3.1

Licensees are required to provide the CBB with a guarantee in respect of their liabilities. The guarantee must be:

a) In favor of and callable by the CBB at the CBB's sole discretion;
b) Unconditional and irrevocable;
c) Issued by a retail bank licensed by the CBB;
d) Valid at all times for a period of one year; and
e) Renewed at least one week before its expiry and submitted to the CBB.
October 2010