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of <h1>New ECB Framework: Merges Tracks, Expands Eligible Borrowers, Sets $750M Limit, Emphasizes Compliance Responsibilities.</h1> The circular outlines the revised External Commercial Borrowings (ECB) framework, merging previous tracks into 'Foreign Currency Denominated ECB' and 'Rupee Denominated ECB.' Eligible borrowers now include entities eligible for FDI, Port Trusts, SEZ units, and others. Recognized lenders must be from FATF or IOSCO compliant countries, with a Minimum Average Maturity Period (MAMP) of 3 years, except for specific cases. ECBs up to USD 750 million per year are allowed under the automatic route. The framework includes guidelines on hedging, reporting, and penalties for non-compliance, and emphasizes the borrower's responsibility for adherence to regulations.
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