ISDA agreement requirement: banks need not enter into ISDA with central bank to undertake swaps under FCNR(B) window. Under FEMA FAQ guidance on the swap window for attracting FCNR(B) dollar funds, banks are not required to enter into any ISDA agreement with the Reserve Bank to undertake swaps under that facility.
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.
ISDA agreement requirement: banks need not enter into ISDA with central bank to undertake swaps under FCNR(B) window.
Under FEMA FAQ guidance on the swap window for attracting FCNR(B) dollar funds, banks are not required to enter into any ISDA agreement with the Reserve Bank to undertake swaps under that facility.
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