Risk Management and Inter-bank Dealings: Revised Guidelines relating to participation of Residents in the Exchange Traded Currency Derivatives (ETCD) market
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
ETCD participation limits expanded, documentation eased and importer hedging entitlement aligned with exporters. Guidelines expand ETCD participation by raising position limits for USD INR and authorising combined positions in EUR INR, GBP INR and JPY INR, require exchanges to monitor breaches, permit statutory auditor certificates to be replaced by signed undertakings from the CFO and Company Secretary (or CEO/COO if no CS), and allow importers to hedge contracted exposures up to their full eligible limit, with other operational conditions 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.
ETCD participation limits expanded, documentation eased and importer hedging entitlement aligned with exporters.
Guidelines expand ETCD participation by raising position limits for USD INR and authorising combined positions in EUR INR, GBP INR and JPY INR, require exchanges to monitor breaches, permit statutory auditor certificates to be replaced by signed undertakings from the CFO and Company Secretary (or CEO/COO if no CS), and allow importers to hedge contracted exposures up to their full eligible limit, with other operational conditions unchanged.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
