Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures

Last updated: 24 March 2021

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The Reserve Bank of India has announced a deferment for the applicability of exposure limits on non-centrally cleared derivatives. This means these exposures will continue to be outside the scope of the Large Exposures Framework until September 30, 2021. This decision follows a review and extends the previous deferment period.

Reserve Bank of India RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework Deferment of applicability of

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FAQ :

The Large Exposures Framework (LEF) relates to limits on financial exposures.

The deferment applies to non-centrally cleared derivatives exposures.

The applicability of these limits has been deferred until September 30, 2021.

This notification is for all Scheduled Commercial Banks, excluding Small Finance Banks, Payments Banks, Local Area Banks, and Regional Rural Banks.

The previous circular was DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020.

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Notification No : RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21
Published in Community & General
Source : https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12041&Mode=0

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