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      FEMA - FAQ

      Home› Manuals List › FEMA › FEMA - FAQ › Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013 › This
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      Will the banks be required to enter into ISDA agreement with RBI for undertaking swaps?

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

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      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 ... Summary

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