https://www.taxtmi.com/circulars?id=67399 Directions permit Authorised Dealers (AD Cat-I and AD Cat-III SPDs) to post and collect margin in India and abroad for permitted derivative contracts, receive and pay interest thereon, and for AD Cat-I banks to do so on behalf of customers. Eligible margin in India includes Indian currency, freely convertible foreign currency, Indian government debt, listed rupee bonds rated AAA, Certificates of Deposit, and A1-rated Commercial Paper; outside India, freely convertible foreign currency and foreign sovereign debt securities rated AA- or equivalent. ADs complying with foreign NCCD margin regimes may follow those jurisdictions' permitted forms and global arrangements. AD Cat-I banks must maintain separate accounts for non-resident cash margin. en-us Wed, 08 May 2024 00:00:00 +0530 Wed, 08 May 2024 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67399 Directions permit Authorised Dealers (AD Cat-I and AD Cat-III SPDs) to post and collect margin in India and abroad for permitted derivative contracts, receive and pay interest thereon, and for AD Cat-I banks to do so on behalf of customers. Eligible margin in India includes Indian currency, freely convertible foreign currency, Indian government debt, listed rupee bonds rated AAA, Certificates of Deposit, and A1-rated Commercial Paper; outside India, freely convertible foreign currency and foreign sovereign debt securities rated AA- or equivalent. ADs complying with foreign NCCD margin regimes may follow those jurisdictions' permitted forms and global arrangements. AD Cat-I banks must maintain separate accounts for non-resident cash margin. Circulars FEMA Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67399