Reserve Bank Of India
A.P. (DIR Series) Circular No.17
July 23, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings –
Reporting of Unhedged Foreign Currency Exposures of Corporates
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited
to Section B paragraph 1(i)(h) and Section G Para (ii) of
A.P. (DIR Series)
Circular No. 32 dated December 28, 2010 on “Comprehensive Guidelines on Over the
Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity
Price and Freight Risks” and C.O. Circular FE.CO.FMD. 7472/02.03.075 (Policy)
/2012-13 dated October 5, 2012, in terms of which AD Category – I banks are
required to submit a quarterly statement in prescribed format (Annex V), on
foreign currency exposures and hedges undertaken by corporates based on bank’s
books.
- It has now been decided that AD Category – I banks should submit the above
quarterly report as per the revised format online only from quarter ended
September 2013 through the Extensible Business Reporting Language (XBRL) system
which may be accessed at https://secweb.rbi.org.in/orfsxbrl/. AD Category – I
banks which require login ID / passwords for accessing XBRL system may submit
their e-mail addresses and contact numbers to email ids. In case of system
related issues, banks may call on 022-22610640 (D) and 022-22601000 Extn. 2529
or mail.
- The Directions contained in this circular have been issued under sections
10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999)
and are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully
Rudra Narayan Kar
Chief General Manager-in-Charge
RBI/2013-14/151