Collateral reporting obligations require semiannual submission and MTSS agents to file prescribed agent, location and remittance reports. Statement of Collateral under MTSS (Annex XVII) must be submitted to the FED Regional Office within fifteen days of each half year end, naming the Indian Agent and Overseas Principal, stating total remittances over the prior six months, the collateral amount and form, and the last adequacy review. Non bank Authorised Category II/FFMC agents shall file via AP Connect. MTSS agents must also maintain and quarterly confirm Sub Agent lists, file quarterly remittance statements through CIMS (with 'NIL' reports when applicable), and report additional locations quarterly to the FED Regional Office.
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Collateral reporting obligations require semiannual submission and MTSS agents to file prescribed agent, location and remittance reports.
Statement of Collateral under MTSS (Annex XVII) must be submitted to the FED Regional Office within fifteen days of each half year end, naming the Indian Agent and Overseas Principal, stating total remittances over the prior six months, the collateral amount and form, and the last adequacy review. Non bank Authorised Category II/FFMC agents shall file via AP Connect. MTSS agents must also maintain and quarterly confirm Sub Agent lists, file quarterly remittance statements through CIMS (with 'NIL' reports when applicable), and report additional locations quarterly to the FED Regional Office.
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