Monday, June 27, 2016

Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures



The information on CPs issued by the companies shall be reported on a monthly basis to all the four credit information companies (CICs) by the bank designated as the Issuing and Payment Agent (IPA).

If there are multiple IPAs for a single CP issue, they shall report the details pertaining to the portion which is with them. The IPA shall also report any default in the redemption of the CP issue.

The information regarding UFCE of individual borrowers shall be reported on a quarterly basis to all the four CICs by the lending bank  /consortium leader /largest lender.

Based on RBI circular dated 23/06/2016. For any further clarification please refer www.rbi.org.in …………Poppy