Circular on External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition (dated – 08.12.2021) – RBI.

• 10th, December 2021
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Circular on External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition (dated – 08.12.2021) – RBI.

• The directions contained in this circular have been issued under section 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/ approvals, if any, required under any other law, refer attachment for further details.