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          FEMA

          How will the swap cost of 3.5 per cent be computed?

          Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013

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          Swap cost computation specified as compounded semi annually for the swap tenor under FEMA guidance for FCNR(B) dollar funds. Under FEMA guidance for attracting FCNR(B) dollar funds, the applicable swap cost of 3.5 per cent is to be compounded semi annually for the tenor of the swap, serving as the contractual basis for calculating accrued swap charges over the instrument's duration.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Swap cost computation specified as compounded semi annually for the swap tenor under FEMA guidance for FCNR(B) dollar funds.

                                  Under FEMA guidance for attracting FCNR(B) dollar funds, the applicable swap cost of 3.5 per cent is to be compounded semi annually for the tenor of the swap, serving as the contractual basis for calculating accrued swap charges over the instrument's duration.


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