Risk Management and Inter-bank Dealings: Revised Guidelines relating to participation of Residents in the Exchange Traded Currency Derivatives (ETCD) market

Risk Management and Inter-bank Dealings: Revised Guidelines relating to participation of Residents in the Exchange Traded Currency Derivatives (ETCD) market https://www.taxtmi.com/circulars?id=53289 Guidelines expand ETCD participation by raising position limits for USD INR and authorising combined positions in EUR INR, GBP INR and JPY INR, require exchanges to monitor breaches, permit statutory auditor certificates to be replaced by signed undertakings from the CFO and Company Secretary (or CEO/COO if no CS), and allow importers to hedge contracted exposures up to their full eligible limit, with other operational conditions unchanged. en-us Tue, 31 Mar 2015 00:00:00 +0530 Wed, 01 Apr 2015 12:01:00 +0530 TaxTMI RSS Generator Risk Management and Inter-bank Dealings: Revised Guidelines relating to participation of Residents in the Exchange Traded Currency Derivatives (ETCD) market https://www.taxtmi.com/circulars?id=53289 Guidelines expand ETCD participation by raising position limits for USD INR and authorising combined positions in EUR INR, GBP INR and JPY INR, require exchanges to monitor breaches, permit statutory auditor certificates to be replaced by signed undertakings from the CFO and Company Secretary (or CEO/COO if no CS), and allow importers to hedge contracted exposures up to their full eligible limit, with other operational conditions unchanged. Circulars FEMA Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53289