Margin for Derivative Contracts - FEMA - 10

..... permitted derivative contracts between a person resident in India and a person resident outside India. 2. AD Cat-I banks may post and collect margin in India, on their own account or on behalf of their customers, for a permitted derivative contract entered into with a person resident outside India in the form of: Indian currency; Freely convertible foreign currency; Debt securities issued by Indian Central Government and State Governments; Rupee bonds issued by persons resident in India which ar .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Margin for Derivative Contracts - FEMA

X X   X X   Extracts   X X   X X

..... on margin posted and collected on their own account or on behalf of their customers for a permitted derivative contract entered into with a person resident outside India. 5. AD Cat-I banks shall maintain a separate account in the name of persons resident outside India for the purpose of posting and collecting cash margin in India, and transactions incidental thereto. 6. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Ac .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Margin for Derivative Contracts - FEMA

X X   X X   Extracts   X X   X X