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March 22, 2005 |
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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
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Dear Sir,
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Collateralised Borrowing and Lending Obligation (CLO) -
Classification in the Bank's Balance Sheet. |
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In response to clarifications sought by banks on the classification of
CBLO transactions in the balance sheet, we have advised as under: |
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1. |
CBLO Borrowing: |
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Schedule 4 - Item I (iii) i.e., Borrowings - Borrowings in
India - Other institutions and agencies |
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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
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3. |
Cash Margin Deposit with CCIL:
Schedule 11 - Item (vi) i.e., Other Assets - Others |
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This is for your information |
Yours faithfully,
(J. Bernard)
Manager |
