E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain...
Transcript of E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain...
![Page 1: E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain 100% of export proceeds of RM200,000 and below per transaction in foreign currency](https://reader034.fdocuments.in/reader034/viewer/2022042222/5ec81f0208265e7c5b4ee495/html5/thumbnails/1.jpg)
REFINEMENT IN THE FOREIGNEXCHANGE POLICY (FEP)
Improve businessefficiency
Enhance corporates' FX risk management
providing greater flexibility to:
![Page 2: E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain 100% of export proceeds of RM200,000 and below per transaction in foreign currency](https://reader034.fdocuments.in/reader034/viewer/2022042222/5ec81f0208265e7c5b4ee495/html5/thumbnails/2.jpg)
Exporters can
retain 100% of export proceeds of RM200,000 andbelow per transaction in foreign currency
How does this help?
This eases the administrative burdens ofthe exporters, especially SMEs, to meet their
foreign currency obligations
![Page 3: E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain 100% of export proceeds of RM200,000 and below per transaction in foreign currency](https://reader034.fdocuments.in/reader034/viewer/2022042222/5ec81f0208265e7c5b4ee495/html5/thumbnails/3.jpg)
Residents canhedge foreigncurrency loan
obligations up to underlying
tenure
MANAGEFX RISKBETTER
CORPORATES CAN
Residents and non-residents can
cancel theirhedging positions*
in response tochanging market
conditions
1
*except hedges for portfolio investment
2
![Page 4: E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain 100% of export proceeds of RM200,000 and below per transaction in foreign currency](https://reader034.fdocuments.in/reader034/viewer/2022042222/5ec81f0208265e7c5b4ee495/html5/thumbnails/4.jpg)
OPERATIONS
CORPORATES CAN
Residents can freely
obtain financialguarantee fromnon-residents
e.g. parentcompanies
Residentscan freely
issue financialguarantee* to non-residents
e.g. subsidiariesabroad
*except certain financial guarantees that are subjectedto external borrowing and investment abroad rules
1 2
SUPPORTGLOBAL
BETTER
![Page 5: E X C H A N G E P O L I C Y ( F E P ) R E F I N E M E N T ... · E x p o r t e r s c a n retain 100% of export proceeds of RM200,000 and below per transaction in foreign currency](https://reader034.fdocuments.in/reader034/viewer/2022042222/5ec81f0208265e7c5b4ee495/html5/thumbnails/5.jpg)
These measures are effectiveimmediately on 30 April 2020
For further details, visit https://bnm.my/fep