Foreign Exchange Derivative Contract
Legal definition for Indian law research
Definition
Foreign exchange derivative contract, means a financial transaction or an arrangement in what-ever form and by whatever name called, whose value in derived from price movement in one or more underlying assets, and includes:-
(a) a transaction which involves at least one foreign currency other than currency of Nepal or Bhutan, or
(b) a transaction which involves at least one interest rate applicable to a foreign currency not being a currency of Nepal or Bhutan, or
(c) a forward contract, but does not include foreign exchange transaction for Cash or Tom or Spot deliveries. [Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, Reg. 2 (v)]
(a) a transaction which involves at least one foreign currency other than currency of Nepal or Bhutan, or
(b) a transaction which involves at least one interest rate applicable to a foreign currency not being a currency of Nepal or Bhutan, or
(c) a forward contract, but does not include foreign exchange transaction for Cash or Tom or Spot deliveries. [Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, Reg. 2 (v)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.