https://www.taxtmi.com/circulars?id=56817 These Directions permit residents other than individuals to hedge commodity price risk and freight risk in overseas markets using permitted products (futures, forwards, vanilla options, swaps, and certain structured products), subject to bank verification of contracted or anticipated exposure, alignment of hedge quantity and tenor, board approved hedging policy, risk management capability, OTC counterparty jurisdictional acceptability, routing of payments through a special account, statutory auditor certification, corrective action reporting to the Reserve Bank, limited SBLC/guarantee use for margins, and quarterly reporting to the Reserve Bank. en-us Mon, 12 Mar 2018 00:00:00 +0530 Tue, 13 Mar 2018 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56817 These Directions permit residents other than individuals to hedge commodity price risk and freight risk in overseas markets using permitted products (futures, forwards, vanilla options, swaps, and certain structured products), subject to bank verification of contracted or anticipated exposure, alignment of hedge quantity and tenor, board approved hedging policy, risk management capability, OTC counterparty jurisdictional acceptability, routing of payments through a special account, statutory auditor certification, corrective action reporting to the Reserve Bank, limited SBLC/guarantee use for margins, and quarterly reporting to the Reserve Bank. Circulars FEMA Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56817