Ref.No.DBOD.BC.FSC. 24 /24.76.002/2001-02

September 11, 2001

The Chairmen/ Chief Executives of all
Commercial Banks

Dear Sirs,

Ready Forward Contracts

Please refer to item No. 15 of Annexure V to our circular DBOD. No.FSC.BC.150/24.76.002/99-2000 dated March 23, 2000 in terms of which "Tata Finance Securities Ltd." was permitted to enter into ready forward contracts. With the change in name of "Tata Finance Securities Ltd." to "Tata TD Waterhouse Securities Ltd." due to change in ownership pattern, it is advised that "Tata TD Waterhouse Securities Ltd." is permitted to enter into ready forward contracts.

2. The following consequential amendment may be carried out in the Manual of Instructions Vol. I-Part-I:

The present item No. 15 of Annexure V to Para 11.2(i) may be read as "Tata TD Waterhouse Securities Ltd."

3. Please acknowledge receipt.

 

Yours faithfully,

(J.G. Gupta)
General Manager