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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 / aseem kapoor
We should not be looking to find differences between the two, FCCB are an instrument under ECB.The definition for FCCB given in 1st answer is correct so dont want to confuse you.
Also they are means of external borrowing (not domestic) the borrowing may be arranged by a domestic bank but the debt is external.It has an automatic route or approval route for the money to come in, think of them as red channel or green channel while exiting from customs at airport.
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