Foreign Currency Forward Cover CONTD.
{"Image DocumentName": "Foreign Currency Forward Cover CONTD.", "Image ImageDescription": "While it will be permissible to fix the price of foreign currency in terms of Rupees according to the agreement, no forward cover fee shall be recovered. However, (i) an amount may be demanded by the bank from its client in advance by way of earnest money against foreign currency agreed to be sold at a future date or (ii) the fee could be built into the sale/purchase rate. If at the agreed time the party does not perform, the bank can recover the differential and adjust the earnest money there against.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}