- Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on September 06, 2024) Master Directions - Reserve Bank of India
- All other transactions which are otherwise not permissible under FEMA AND those in the nature of remittance for margins or margin calls to overseas exchanges/ overseas counterparty are not allowed under the Scheme.
Margin is not exactly defined in the LRS master direction. But somewhere in other directions it says the below. This may or may not be applicable definition:
- Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 Notifications - Reserve Bank of India
- iv) “Margin” means the collateral that the parties to a derivative contract post with or collect from each other (whether directly or through a third party) to cover some or all of the credit risk that the provider of the collateral poses for the receiver of the collateral;
@Walker Which broke offered this though?