| Date: |
21-10-2002
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| Notification No: |
RBI A P D (Series)Circular No 32/2002
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
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| Subject: |
Cross-currency Derivative Products - Submission of Report
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Cross-currency Derivative Products - Submission of Report
A.P.
(DIR Series) Circular No. 32 dated 21st October 2002
Attention
of authorised dealers is invited to paragraph A 4(iii) of Part-A, Section-I of
A.P. (DIR Series) Circular No. 19 dated January 24, 2002 in terms of which they
are required to forward reports containing full details of transactions
undertaken by residents in respect of cross-currency (i.e. not involving Indian
Rupee) derivative products to the respective Regional Offices of Reserve Bank
within a week of their conclusion.
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.
CROSS-CURRENCY
DERIVATIVE TRANSACTIONS STATEMENT FOR THE HALF-YEAR
ENDED������������.
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Product
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No.
of Transactions
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Notional
Principal Amount in USD
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Interest
Rate Swaps
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Currency
Swaps
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Coupon
Swaps
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Foreign
Currency Options
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Interest
Rate Caps or Collars (Purchases)
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Forward
Rate Agreements
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Any
other product as permitted by Reserve Bank from time to time
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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).
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