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TMI BlogRisk Management and Inter Bank DealingsX X X X Extracts X X X X X X X X Extracts X X X X ..... eign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification No.FEMA/25/RB-2000 dated May 3, 2000] and A.P.(DIR Series) Circular No.32 dated December 28, 2010, as amended from time to time. 2. Keeping in view the developments in the foreign exchange market, it has been decided to implement the following measures with immediate effect until further review. I. Under contra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urnover, whichever is higher. Further, contracts booked in excess of 75 per cent of the eligible limit were to be on deliverable basis and could not be cancelled. It has now been decided that For importers availing of the above past performance facility, the facility stands reduced to 25 percent of the limit as computed above, i.e., 25 percent of the average of the previous three financial years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in equity and/or debt in India as on a particular date. The contracts once cancelled cannot be rebooked except to the extent of 10 per cent of the market value of the portfolio as at the beginning of the financial year. The forward contracts may, however, be rolled over on or before maturity. It has now been decided that henceforth forward contracts booked by the FIIs, once cancelled, cannot be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... endments to Notification No. FEMA.25/RB-2000 dated May 3, 2000 [Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000] are being notified separately. 4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers. 5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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