RBI/2010-11/14
Master Circular No. 14/2010-11
July 1, 2010
To,
All Authorised Dealers - Category I Banks
Madam / Sir,
Master Circular on Risk Management and Inter-Bank
Dealings
Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging,
Rupee Accounts of Non-Resident Banks, Inter-Bank Foreign Exchange Dealings, etc.
are governed by the provisions in
Notification No. FEMA 1/2000-RB, Regulation 4(2) of
Notification No. FEMA 3/RB-2000 and
Notification No. FEMA 25/RB-2000 dated May 3, 2000 and
subsequent amendments thereto.
2. This Master Circular consolidates the existing instructions on the subject
of ';Risk Management and Inter-Bank Dealings'; at one place.
The list of underlying circulars/notifications is set out in Appendix.
3. This Master Circular is issued with a sunset clause of one year. This
circular will stand withdrawn on July 1, 2011 and would be replaced by an
updated Master Circular on the subject.
Yours faithfully,
Salim Gangadharan
Chief General Manager- in- Charge