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TMI BlogForward cover for Foreign Institutional Investors – Rebooking of cancelled contractsX X X X Extracts X X X X X X X X Extracts X X X X ..... stitutional Investors - Rebooking of cancelled contracts Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.50 dated November 16, 2002 read with A. P. (DIR Series) Circular No. 63 dated December 21, 2002 and Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000, as amended from time to time. In terms of para 1(b) of Sched ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hin 25 per cent of the cancelled contracts, it has been decided to link the rebooking of cancelled contracts to the portfolio value. Further, keeping in view the size of the market in India and the large positions held by FIIs, it has been decided to implement the flexibility for rebooking cancelled contracts in a gradual and phased manner. 3. Accordingly, AD Category - I banks may allow FIIs t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edule II of the Notification ibid, remain unchanged. The scheme will be reviewed on an ongoing basis. 5. In order to reflect these changes a revised reporting format is being introduced. The AD Category - I banks are advised to report the outstanding forward covers taken by their FII clients in the revised format annexed. 6. AD Category - I banks may bring the contents of this circular to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of FII Current Market Value (USD mio) Eligibility for Forward cover Forward Contracts Booked Forward Contracts Cancelled Total forward cover outstanding During the month Cumulative Total - Year to Date During the month Cumulative total - Year to date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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