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The Repurchase Agreement serves as a fundamental instrument in UAE financial markets, facilitating secured lending and liquidity management between financial institutions. This document is essential when parties wish to enter into transactions involving the temporary transfer of securities against cash with a commitment to reverse the transaction at a future date. The agreement must comply with UAE Federal Laws, including UAE Central Bank regulations, Securities Laws, and where applicable, Islamic finance principles. It includes comprehensive provisions for pricing, margin maintenance, default scenarios, and risk management, making it suitable for both conventional and Sharia-compliant transactions. The document is particularly relevant in the context of UAE's developing financial markets and its position as a regional financial hub.

1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement and brief description of the transaction structure

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Repurchase: Core transaction terms including initial sale and repurchase obligations

5. Purchase Price and Pricing: Details of initial purchase price, repurchase price, and pricing calculations

6. Transfer of Securities: Mechanics and timing of securities transfers for both sale and repurchase

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

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

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

10. Set-off and Netting: Rights of set-off and close-out netting provisions

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

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

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

14. Notices: Communication requirements and contact details

15. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability