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of <h1>Banks Must Report Forward Contracts Under Annex IX, FEMA: Track Booked, Utilized, and Cancelled Contracts in USD</h1> The process for booking forward contracts based on past performance, as per Annex IX of FEMA and the Master Circular on Risk Management and Inter-bank Dealings. It requires banks to report their total and cumulative sanctioned limits, the amount of contracts booked, utilized, and cancelled in USD. The report emphasizes that the bank's overall position should be reflected, with cumulative amounts carried over to the next financial year to determine eligible limits. The data is structured to ensure accurate tracking and management of forward contracts over time.
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