Foreign exchange turnover reporting: standardized Form FTD captures instrument wise and counterparty wise daily transactions under FEMA guidance. Daily foreign exchange turnover reporting requires submission of Form FTD under FEMA Annex II and the Master Circular on Risk Management and Inter bank ... Summary
Foreign exchange turnover reporting: standardized Form FTD captures instrument wise and counterparty wise daily transactions under FEMA guidance.
Daily foreign exchange turnover reporting requires submission of Form FTD under FEMA Annex II and the Master Circular on Risk Management and Inter bank Dealings. The form records merchant and inter bank activity and segregates transactions by instrument type - spot, cash, ready, T.T., forwards, swaps, and cancellations - and by currency pairing, distinguishing FCY/INR and FCY/FCY purchases and sales.
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