Foreign exchange derivative reporting expands to INR-linked related party trades, with phased coverage, exclusions, and two-day reporting limits. Authorised Dealer Category-I banks must report INR-linked OTC foreign exchange derivative contracts undertaken globally by their related parties to the Trade Repository of Clearing Corporation of India Ltd., subject to exclusions for back-to-back transactions, certain trades with other AD Category-I banks in India, and contracts below USD 1 million or equivalent. The bank must progressively achieve specified reporting coverage for related parties and report all INR-linked derivative contracts of the parent from July 1, 2027. Reporting must include relevant transaction details and be made preferably on the transaction date, but within two working days.
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Foreign exchange derivative reporting expands to INR-linked related party trades, with phased coverage, exclusions, and two-day reporting limits.
Authorised Dealer Category-I banks must report INR-linked OTC foreign exchange derivative contracts undertaken globally by their related parties to the Trade Repository of Clearing Corporation of India Ltd., subject to exclusions for back-to-back transactions, certain trades with other AD Category-I banks in India, and contracts below USD 1 million or equivalent. The bank must progressively achieve specified reporting coverage for related parties and report all INR-linked derivative contracts of the parent from July 1, 2027. Reporting must include relevant transaction details and be made preferably on the transaction date, but within two working days.
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