Classic Feters

ClassicFeters is an electronic reporting system for foreign exchange transactions to Reserve Bank of India. The purpose and country details of sale and purchase transactions are required for compilation of balance of payments. ClassicFeters assures accurate reporting of data by Authorised Dealers and accordingly consistency checks have been introduced in ClassicFeters These checks need to be ensured for the entire fortnight and relevant with currency-wise/ item-wise cover-page totals. Checks are also introduced for checking the closing balances.

Clients using ClassicFeters :

• a. Barclays Bank
• b. Krung Thai Bank, Mumbai