https://www.taxtmi.com/circulars?id=56414 The Simplified Hedging Facility permits resident and non resident entities (excluding individuals) to hedge exchange rate risk using permitted OTC and exchange traded currency derivatives under a streamlined regime. Each user appoints a Designated Bank to assess needs, set and monitor limits up to the facility cap (with discretionary extension), and report users and limits to a Trade Repository. OTC booking rules, rebooking, treatment of gains and losses, prohibition on concurrent hedging of the same exposures, annual certification by a senior finance officer, and TR based monitoring form the core operational and compliance mechanics. en-us Thu, 09 Nov 2017 00:00:00 +0530 Thu, 09 Nov 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56414 The Simplified Hedging Facility permits resident and non resident entities (excluding individuals) to hedge exchange rate risk using permitted OTC and exchange traded currency derivatives under a streamlined regime. Each user appoints a Designated Bank to assess needs, set and monitor limits up to the facility cap (with discretionary extension), and report users and limits to a Trade Repository. OTC booking rules, rebooking, treatment of gains and losses, prohibition on concurrent hedging of the same exposures, annual certification by a senior finance officer, and TR based monitoring form the core operational and compliance mechanics. Circulars FEMA Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56414