what is the major difference between ECBs and FCCBs.
how is the accounting treatment done to them as to mitigate
the forex fluctuation?
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Answer Posted / prakash
ECB: External Commercial Borrowing need not be only
borrowings from outside the country.
it could be domestic finacial institutions/banks etc.,
also someone in one of the answers above "sovereign entity"
what he probably mean't is a 'Corporate entity'.
Sovereign would mean a country or government representing a
country. A company is not sovereign. it is controlled by
the laws of the land in which it is established. it does
not make its own laws and legislations but has to follow
those formulated by the country it is established in. A
LEGAL ENTITY yes....not sovereign
| Is This Answer Correct ? | 4 Yes | 6 No |
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