Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market

Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market https://www.taxtmi.com/circulars?id=52256 AD Category I banks may replace quarterly statutory-auditor certificates with a single annual certificate confirming that, at any time during the year, contracts outstanding with all AD Category I banks did not exceed the value of the underlying exposures; banks must still obtain an undertaking from clients that the contracted exposure has not been used for derivatives with any other AD bank. en-us Thu, 04 Jul 2013 00:00:00 +0530 Fri, 05 Jul 2013 10:31:00 +0530 TaxTMI RSS Generator Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market https://www.taxtmi.com/circulars?id=52256 AD Category I banks may replace quarterly statutory-auditor certificates with a single annual certificate confirming that, at any time during the year, contracts outstanding with all AD Category I banks did not exceed the value of the underlying exposures; banks must still obtain an undertaking from clients that the contracted exposure has not been used for derivatives with any other AD bank. Circulars FEMA Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52256