Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps

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Re-entry into FCY INR swaps permitted only after expiry of the original swap tenor to hedge surviving underlying exposures. Residents with surviving underlying exposures may, after cancellation of a swap contract, re-enter into a fresh Foreign Currency-INR swap only after the expiry of the tenor of the originally cancelled swap; all other operational guidelines, terms and conditions governing FCY-INR swaps remain unchanged.

Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

Provisions expressly mentioned in the judgment/order text.

Re-entry into FCY INR swaps permitted only after expiry of the original swap tenor to hedge surviving underlying exposures.

Residents with surviving underlying exposures may, after cancellation of a swap contract, re-enter into a fresh Foreign Currency-INR swap only after the expiry of the tenor of the originally cancelled swap; all other operational guidelines, terms and conditions governing FCY-INR swaps remain unchanged.

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Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps

Re-entry into FCY INR swaps permitted only after expiry of the original swap tenor to hedge surviving underlying exposures.

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Re-entry into FCY INR swaps permitted only after expiry of the original swap tenor to hedge surviving underlying exposures.

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