Definitions framework for external borrowing and trade credit clarifies scope of ECB, ECL, trade credit and cost of borrowing. Regulation 2 defines key terms for the Borrowing and Lending Regulations, identifying External Commercial Borrowing (ECB) and External Commercial Lending ... Summary
Definitions framework for external borrowing and trade credit clarifies scope of ECB, ECL, trade credit and cost of borrowing.
Regulation 2 defines key terms for the Borrowing and Lending Regulations, identifying External Commercial Borrowing (ECB) and External Commercial Lending (ECL), defining trade credit, and specifying benchmark rate and cost of borrowing. It cross-references institutional account and entity definitions (Authorised Dealer/Bank, EEFC, NRE/NRO/FCNR(B), SNRR), aligns corporate concepts of control and net worth with company law or tailored definitions, and clarifies what constitutes real estate business and its exclusions for the purposes of permissible end uses under the regime.
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