20th May 2021
To: Members of the Council
We are pleased to inform you that council has arranged to hold a webinar on Forex trading & management with The Clearing Corporation of India Ltd. (CCIL) Since long time exporters have been complaining that they are not getting fair price for the forex transactions executed through their registered banks. To bring in transparency and fair pricing for exporters and all customers, CCIL ltd. has launched FX-Retail platform.
The platform www.fxretail.co.in has been developed under the initiative of RBI
Users can directly place orders and Buy & Sell USD on CASH, TOM, SPOT basis & book FORWARD Contracts on this platform.
Once the user registers, the registration request is sent to the selected Bank.
Bank approves the user’s registration request, and the user receives login ID & password.
Benefits of trading on the platform:
Buy/sell US Dollar at best exchange rates
Substantial savings in foreign exchange cost
Online dealing along with access to current inter-bank USD/INR rates(IBR)
Trading through web based electronic trading platform
Transparency and fair pricing to the Customers
Multi Bank portal
Trade execution confirmation on SMS and email
Order and Transaction Reports are available
Kindly pre-register (limited seats) for an exclusively arranged webinar for members of SRTEPC
Date: Tuesday, 25th May 2021
Time: 4.30pm to 5.30 pm
Pre-registration link for the webinar: https://tinyurl.com/forex2021
Members are requested to attend the session and get enlightened about the new initiative taken by RBI for exporters & importers forex management.