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Nil Forex

The document is a letter from a company to HDFC Bank regarding quarterly data submission on foreign currency exposure as per RBI guidelines. It provides details of the company's foreign currency receivables, payables, total exposure, bank limits, and declarations regarding hedge effectiveness and financials.

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47 views

Nil Forex

The document is a letter from a company to HDFC Bank regarding quarterly data submission on foreign currency exposure as per RBI guidelines. It provides details of the company's foreign currency receivables, payables, total exposure, bank limits, and declarations regarding hedge effectiveness and financials.

Uploaded by

Accounts Varnita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Dated:-

To,
HDFC Bank Limited,
Forex Unhedged Exposure Department,
4th Floor, I Think Techno Campus,Alpha,
Next to KanjurMarg Railway Station (E),
KanjurMarg (E),Mumbai – 400 042

Email Address:-ForexUnhedgedExposure@hdfcbank.com

Dear Sir,

This is in respect of the circular no. DBOD.No.BP.BC. 85 /21.06.200/2013-14, issued by RBI dated 15-
Jan-2014, towards Capital & Provisioning Requirements for Exposures to entities with Unhedged Foreign
Currency Exposure.

Foreign Currency Exposure Yes / No “no” If yes please fill up below details)

As an entity with Foreign Currency Exposure, we are submitting the below details:

Quarterly Data on Foreign Currency Exposure of …………..………………………….... as on 30 th june 2021 (in


INR Crores)
Total Exposures Unhedged
</= 1 year > 1 year Total </= 1 year > 1 year Total
(A) FCY Receivables 0 0 0
Exports - - - - - 0
Loans to JV/WOS - - - - - 0
Others - - - - - 0

(B) FCY Payables 0 0 0


Imports - - - - - 0
Trade Credits - - - - - 0
ECBs - -- - - - 0
Other FCY loans - - - - - 0
INR to USD swaps - - - - - 0

(C ) Total (A + B) 0 0 0

Annual Projected Turnover


Remarks
2016-17 (in INR Crores)
Exports -
Imports -
P.T.O.

Our Total Bank limits (including funded, non funded and term loans) are NIL (In INR Crores)

We declare that all the derivative contracts considered as hedging contracts are in conformity of
pronouncements of the Institute of Chartered Accountants in respect of their hedge effectiveness vis-à-
visthe underlying exposure.

We also confirm that our EBID i.e. Profit after Tax + Depreciation + Interest on debt + Lease rentals as
per latest audited financials (i.e. 31st March 2019 or 31st March 2020), is Rs NIL. (In INR Crores)

Or

We submit that our business does not have any exposure to foreign currency. In the event that we enter
into any business that has an exposure that has an exposure to foreign exchange we undertake that we
will take the responsibility to keep the Bank informed.

Only for MNCs

We would like to mention that UFCE to the tune of Rs._NIL_ (In INR Crores) has not been included in our
unhedged position since this exposure is being hedged and managed by our parent company as
explained in detail in our letter dated _NIL.

Yours sincerely,

Authorised Signatories

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