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<h1>Banks Must Report Merchanting Trade Defaults to RBI Within 15 Days Post Half-Year End: Key Requirements Explained</h1> The document is a form for reporting defaults in Merchanting Trade Transactions (MTT) for the half-year periods ending on June 30th and December 31st. It includes fields for the bank's name and address, AD Code, AD reference number, and details of the merchanting trader, foreign buyer, and supplier. It tracks the commencement and completion dates, export and import values in US dollars, foreign exchange outlay, and amounts realized, paid, and outstanding. The Authorized Dealer (AD) bank must ensure accurate matching of transactions and report any defaults to the RBI's Regional Office within 15 days after each half-year period.