{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"nt13469","title":"Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings","document_kind":"Regulatory document","page":"https://bankpulse.ai/rule/nt13469","status":"In force","importance":{"code":"FYI","label":"FOR INFORMATION","weight":"For information","why":"General RBI update: no desk rule matched — read the source if it touches your work","layer":"bankpulse_inference"},"applies_to":{"shown":"All regulated entities","class_code":"ALL","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"nt13469","mode":"four_dates_v1","published":{"label":"Published","value":"Jun 08, 2026","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/nt13469.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13469&Mode=0","document_date":"Jun 08, 2026","read_by_bankpulse":"2026-08-22 06:58:43 UTC","text_sha256":"124fc5b4cad7873d21259954405d200b62deaf995773907754815f155927a657","word_count":1240,"standing_last_checked":"RBI publishes no live index for this kind of document. Standing follows RBI’s consolidation circular of 28 November 2025."},"counts":{"points_shown":12,"points_naming_an_rbi_paragraph":0,"points_stored":12,"actions":0,"amendments":0},"points":[{"n":1,"claim":"nt13469-a4b6e9b0d","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"maximum swap tenor","plain_english":"Swap maturity must match the loan repayment schedule but cannot be for more than five years.","rbi_paragraph":null,"rbi_char_offset":3581,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p1","layer":"bankpulse"},{"n":2,"claim":"nt13469-297b4574d","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"swap pricing","plain_english":"The swap will be priced at a fixed annual rate of 1.5 percent, compounded every six months.","rbi_paragraph":null,"rbi_char_offset":4243,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p2","layer":"bankpulse"},{"n":3,"claim":"nt13469-784e50d43","page_group":"Must know","stored_section":"KEY DATES","heading":"effective period","plain_english":"The swap facility starts from this circular date and stays open till January 15, 2027.","rbi_paragraph":null,"rbi_char_offset":5210,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p3","layer":"bankpulse"},{"n":4,"claim":"nt13469-66c39d1c5","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"ecb terms unchanged","plain_english":"External commercial borrowing terms will continue as per the February 09, 2026 borrowing and lending regulations.","rbi_paragraph":null,"rbi_char_offset":5406,"weight":"MUST KNOW","role":"All 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staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p6","layer":"bankpulse"},{"n":1,"claim":"nt13469-46c6803a4","page_group":"Background","stored_section":"THE CORE IDEA","heading":"swap only in usd","plain_english":"The Reserve Bank of India will offer the swap facility only in United States dollars.","rbi_paragraph":null,"rbi_char_offset":3507,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p7","layer":"bankpulse"},{"n":2,"claim":"nt13469-024a6c220","page_group":"Background","stored_section":"WHAT CHANGES","heading":"daily operation","plain_english":"The swap facility will run every working day in Mumbai, except Saturdays and holidays.","rbi_paragraph":null,"rbi_char_offset":3725,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p8","layer":"bankpulse"},{"n":3,"claim":"nt13469-d451f965a","page_group":"Background","stored_section":"THE CORE IDEA","heading":"weekly swap limit","plain_english":"Each bank's weekly swap limit equals its eligible external and overseas borrowing inflows during earlier weeks, in dollar terms.","rbi_paragraph":null,"rbi_char_offset":3833,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p9","layer":"bankpulse"},{"n":4,"claim":"nt13469-ef04ce038","page_group":"Background","stored_section":"THE CORE IDEA","heading":"first leg rate","plain_english":"In the first leg, the bank will sell dollars to the Reserve Bank of India at the FBIL Reference Rate.","rbi_paragraph":null,"rbi_char_offset":4339,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p10","layer":"bankpulse"},{"n":5,"claim":"nt13469-66b7f501b","page_group":"Background","stored_section":"THE CORE IDEA","heading":"spot settlement","plain_english":"The first leg of the swap will be settled on a spot basis.","rbi_paragraph":null,"rbi_char_offset":4441,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13469#p11","layer":"bankpulse"},{"n":6,"claim":"nt13469-5b123ca7c","page_group":"Background","stored_section":"WHAT CHANGES","heading":"no isda needed","plain_english":"Banks do not need to sign any International Swaps and Derivatives Association agreement with the Reserve Bank of India.","rbi_paragraph":null,"rbi_char_offset":6134,"weight":"BACKGROUND","role":"All 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BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}