Margin for Derivative Contracts

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..... the Gazette of India vide notification no. FEMA.399/RB-2020 dated October 23, 2020 (Annex I). Accordingly, directions are being issued to allow posting and collection of margin for permitted derivative contracts between a person resident in India and a person resident outside India. 2. AD Cat-I banks may post and collect margin in India, on their own account or on behalf of their customers, for .....

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..... B-2020 dated October 23, 2020]. 3. AD Cat-I banks may post and collect such margin outside India in the form of: * Freely convertible foreign currency; and * Debt securities issued by foreign sovereigns with a credit rating of AA- and above issued by S&P Global Ratings / Fitch Ratings or Aa3 and above issued by Moody's Investors Service. If different ratings are accorded by two or more credit .....

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