ECB reporting obligations updated to include hedge and foreign currency exposure details; monthly certified ECB 2 returns required. The RBI revised Part E of the ECB 2 Return to require disclosure of foreign currency exposure, foreign currency earnings and expenditure, and financial hedges contracted for ECB risk management; the amended format applies from the April 2014 return. Corporates must continue monthly submission of the ECB 2 Return, certified by the designated Authorized Dealer Category I bank, to reach the central bank's statistics unit within seven working days of month end; AD Category I banks must notify their constituents. Directions are issued under the foreign exchange statutory framework.
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ECB reporting obligations updated to include hedge and foreign currency exposure details; monthly certified ECB 2 returns required.
The RBI revised Part E of the ECB 2 Return to require disclosure of foreign currency exposure, foreign currency earnings and expenditure, and financial hedges contracted for ECB risk management; the amended format applies from the April 2014 return. Corporates must continue monthly submission of the ECB 2 Return, certified by the designated Authorized Dealer Category I bank, to reach the central bank's statistics unit within seven working days of month end; AD Category I banks must notify their constituents. Directions are issued under the foreign exchange statutory framework.
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