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FEMA - Highlights / Catch Notes

Home Highlights June 2023 Year 2023 This

Risk Management and Inter-Bank Dealings - Non-deliverable ...


Banks Allowed to Facilitate Non-Deliverable Derivative Contracts for Better INR Market and Risk Management Under FEMA Guidelines.

June 9, 2023

Circulars     FEMA

Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs) - With a view to developing the onshore INR NDDC market and providing residents the flexibility to efficiently design their hedging programmes, banks are permitted to allow certain transactions - Cash settled in INR - INR or any foreign currency - Circular

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