CIR. NO.32/2002-03-RB, DT. 21/10/2002
- Document type
- Circular
- Reference no.
- C
- Dated
- Category
- A.P. (DIR Series) Circulars
Cross-currency Derivative Products - Submission of Report
Cross-currency Derivative Products - Submission of Report
2. In modification of the above direction, ADs are advised that in place of sending a separate report for each transaction for cross-currency derivatives, they may consolidate the data and a half-yearly report in the format given below, may be forwarded to the Chief General Manager, Exchange Control Department, Forex Markets Division, Central Office, Mumbai. The first such report may be submitted for the period ending 31st December 2002.
for the half-year ended...................................
| Product | No. of transactions | Notional principal amount in USD |
|---|---|---|
| Interest rate swaps | ||
| Currency swaps | ||
| Coupon swaps | ||
| Foreign currency options | ||
| Interest rate caps or collars (Purchases) | ||
| Forward rate agreements | ||
| Any other product as permitted by Reserve Bank from time to time |
3. The authorised dealers should maintain a detailed record of all such transactions to facilitate audit/inspection thereof.
4. The directions contained in this Circular have been issued under Section 10(4) and Section 11(1) of FEMA 1999 (42 of 1999).
Yours faithfully,
Grace Koshie
Chief General Manager