Definitions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cies at least one of which is not Indian Rupee or which derives its value from the change in the interest rate of a foreign currency and which is for settlement at a future date, i.e. any date later than the spot settlement date, provided that contracts involving currencies of Nepal and Bhutan shall not qualify under this definition.] (va) ^8[****] (vi) ^9[****] (vii) 'Schedule' means a schedule annexed to these Regulations; (viii) ^10[****] (ix) ^11[****] (x) the words and expressions used but not defined in these Regulations shall have the same meanings respectively assigned to them in the Act. (xi) ^12[****] ^5[(xii) 'Contracted exposure' refers to currency r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....authorised dealer' means a person authorised as authorised dealer under sub-section (1) of section 10 of the Act;" 4. Substituted vide Notification No. 398/RB-2020 dated 18-02-2020, w.e.f. 18-02-2020 before it was read as, "(v) 'Foreign exchange derivative contract' means a financial transaction or an arrangement in whatever form and by whatever name called, whose value is derived from price movement in one or more underlying assets, and includes, (a) a transaction which involves at least one foreign currency other than currency of Nepal or Bhutan, or (b) a transaction which involves at least one interest rate applicable to a foreign currency not being a currency of Nepal or Bhutan, or ....