https://www.taxtmi.com/circulars?id=2681 AD Category I banks authorised by the Reserve Bank may permit domestic producers/users to hedge price risk in aluminium, copper, lead, nickel and zinc in international exchanges using only standard exchange traded futures and options (purchases only), subject to limits based on historical purchases/sales and underlying economic exposure. Actual ATF users may hedge domestic purchase exposures in international markets and, if warranted, use OTC contracts against firm orders with documentary evidence. Boards must approve derivative policies, transactions must route through designated ADs, and authorised banks must report monthly to the Reserve Bank. en-us Thu, 31 May 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2681 AD Category I banks authorised by the Reserve Bank may permit domestic producers/users to hedge price risk in aluminium, copper, lead, nickel and zinc in international exchanges using only standard exchange traded futures and options (purchases only), subject to limits based on historical purchases/sales and underlying economic exposure. Actual ATF users may hedge domestic purchase exposures in international markets and, if warranted, use OTC contracts against firm orders with documentary evidence. Boards must approve derivative policies, transactions must route through designated ADs, and authorised banks must report monthly to the Reserve Bank. Circulars FEMA Thu, 31 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2681