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Risk Management & Inter-Bank Dealings Booking of Forward Contracts - Liberalisation

FEMA - 20 - Dated:- 8-10-2015 - RBI/2015-16/201 A. P. (DIR Series) Circular No. 20 October 8, 2015 To, All Authorised Dealer Category - I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation Attention of Authorised Dealers Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from tim .....

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n the Fourth Bi-monthly Monetary Policy Statement (para. no. 39) on September 29, 2015, with a view to further liberalising the existing hedging facilities, it has been decided to allow all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange forward and FCY-INR options contracts up to USD 1,000,000 (USD one million) without any requirement of documentation on the basis of a simple declaration. While the contracts booked u .....

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application and reporting formats are provided in Annexes I and II, respectively, of this circular. 3. The existing facilities in terms of A.P. (DIR Series) Circular No. 15 dated October 29, 2007 for Small and Medium Enterprises (SMEs) shall remain unchanged. 4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreig .....

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hellip;……………………… c. Account No…………………….. d. PAN No…………………………. II. Details of the foreign exchange forward / FCY-INR options contracts required 1. Amount (Specify currency pair) ……………………………… 2. Tenor ………&hel .....

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