Risk Management & Inter-Bank Dealings
Dated 8th October, 2015 | Copy Of | Notification No. A.P. (DIR Series) Circular No.20 | To, All Authorised Dealer Category-I banks Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation Attention of Authorised Dealers Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/ 25/RB-2000 dated May 3, 2000) as amended from time to time and A.P. (DIR Series) Circulars No. 15 dated October 29, 2007 and 119 dated April 7, 2014 regarding Booking of Forward Contracts – Liberalisation, in terms of which resident individuals, firms and companies, to manage/hedge their foreign exchange exposures arising out of actual or anticipated remittances, both inward and outward, ...
