2.9
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Memorandum of Procedure (ACM)
All authorised dealers in India are permitted to handle transactions to be cleared through the Asian Clearing Union. The Agreement establishing the Union and the ACU (Procedure) Rules setting out the procedure to be followed for settlement of transactions by the participating countries as also the memorandum of procedure drawn up by the Reserve Bank to be followed by the authorised dealers for handling the transactions to be cleared through ACU are given in the Memorandum ACM.