ECB2
- Document type
- Other
- Dated
- Category
- Documents & Forms
ECB2 Part(a) Details of actual transactions of Foreign Currency Loans/Financial Lease (other than short-term foreign currency Loans)
ECB2 Part(a)
Details of actual transactions of Foreign CurrencyLoans/Financial Lease (other than short-termforeign currency Loans)Statement for the quarter ended.........
Instructions1. This statement should be submitted in duplicate, to Reserve Bank within 10 days from the close of
the quarter to which it relates furnishing details of all types of foreign currency borrowings viz.
foreign currency loans, suppliers credits, bonds, convertible bonds, FRNs, cross-border financial
lease, etc. If there are no transactions during a particular quarter, a "Nil" statement indicating only
the outstanding balance of the loan/credit should be submitted.
2. One copy of this statement should be accompanied by an Annexure in the attached form,
alongwith a complete set of documents towards utilisation of loan/credit. The information
furnished in the Annexure should be certified by the statutory auditors/Chartered Accountant.
3. In case of suppliers credits, the dates of imports are to be given in place of dates of drawals.
4. For utilisation of drawal following codes should be used -1 - Import of capital goods2 - Import of raw material3 - Remittance to India4 - Pre-payment of old loans/repayments5 - Amount held abroad in Foreign Currency account6 - Interest payment7 - Payment for Technical services8 - Others (Specify)
5. For source of funds following codes should be used -A - Remittance from IndiaB - From FCL funds held abroadC - From foreign currency account held abroadD - Conversion of equity capitalE - From export proceeds held abroadF - By debit to EFC/EEFC account in IndiaG - Others (Specify)
6. If repayment schedule indicating exact dates of payments has not been submitted at the time
of agreement, the same should be given with this statement. Any revision in repayment schedule
made subsequently should also be indicated.7. All dates should be given as YYYY/MM/DD such as 1996/06/30 for June 30, 1996.8. Indicate tranche Number if the loan is multi-tranche, for items 5, 6 and 7.