The Presidents/ Chief Executives,
All Scheduled Banks
Dear Sirs/ Madam,
Competitive Auctions of Chinese Yuan Loan Facility
Please refer to DMMD Circular no. 9 dated May 07, 2013 on the above subject.
Standard Formats of the Demand Promissory note and the Agreement are enclosed as Annexure A and B respectively.
Format of the Tender Form is enclosed as Annexure C. Details of auction dates, announcement of the auction results, settlement dates and corresponding cut off timings will be announced on Reuters pages SBPK24 and SBPK25.
All Banks are advised to bring the above to the notice of their constituents, for strict compliance.
Annexure A: Format of 'Demand Promissory Note'
Annexure B: Format of 'Agreement'
Annexure C: Tender Form