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<h1>Consolidated Guidelines on Risk Management and Inter-Bank Dealings: Effective July 1, 2010, with Sunset Clause Ending July 1, 2011.</h1> This Master Circular consolidates existing instructions on 'Risk Management and Inter-Bank Dealings,' including foreign exchange derivative contracts, overseas commodity and freight hedging, and rupee accounts of non-resident banks. It is governed by provisions in Notification No. FEMA 1/2000-RB, Regulation 4(2) of Notification No. FEMA 3/RB-2000, and Notification No. FEMA 25/RB-2000, along with subsequent amendments. The circular, effective from July 1, 2010, includes a sunset clause, expiring on July 1, 2011, when it will be replaced by an updated version. An appendix lists the underlying circulars and notifications.