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March 22, 2005
DBOD No. BP. 1447/21.04.018/2004-05
The President
Institute of Chartered Accountants of India
Post Box No. 7100
Indraprastha Marg
New Delhi - 110002
 
Dear Sir,

 
Collateralised Borrowing and Lending Obligation (CLO) -
Classification in the Bank's Balance Sheet.
In response to clarifications sought by banks on the classification of CBLO transactions in the balance sheet, we have advised as under:
1. CBLO Borrowing:
Schedule 4 - Item I (iii) i.e., Borrowings - Borrowings in India - Other institutions and agencies
2. CBLO Lending:
a) If repayable within 15 days:

Schedule 7 - Item I (ii) (b) i.e., Balances with Banks and Money at Call & Short Notice - Money at call and short notice - with other institutions.

b) If repayable beyond 15 days:

Schedule 9 - Advances

Part A - Item (ii) i.e., Cash credits, overdrafts and loans repayable on demand and

Part B - Item (i) i.e., Secured by tangible assets and

Part C - Item I (iv) - i.e., Advances in India - Others

 
3. Cash Margin Deposit with CCIL:

Schedule 11 - Item (vi) i.e., Other Assets - Others
This is for your information
Yours faithfully,

(J. Bernard)
Manager
 

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