Rebooking of cancelled forward contracts: FIIs may rebook a capped portion tied to portfolio market value with mandated reporting. AD Category I banks may allow FIIs to cancel and rebook forward contracts up to a limit of 2 per cent of the market value of their entire investment in India, with eligibility based on portfolio market value at the beginning of the financial year. Outstanding and rebooked contracts must be supported by underlying exposure; total forward cover must not exceed portfolio market value. Banks must monitor forward cover fortnightly and report using a revised format; other Schedule II instructions remain unchanged.