Booking of Forward Contracts Based on Past Performance

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Full Text of the Document

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.... Forward Contracts Based on Past Performance Attention of Authorised Dealers is invited to paragraph A.2 of our Master Circular No1 dated July 1, 2003 on Risk Management and Inter-bank Dealings, in terms of which importers/exporters are permitted to book forward contracts on the basis of declaration of an exposure based on past performance, subject to the condition that at any point of time the....