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 / raghuamam
ECBs it means europian central bank. it was established in
the year 1998. it is one of the importent central bank.it
is responcible for the the monetory policy of the 15 member
countries of the eurozone.
FCCBs it means foreign currency convertable bonds. it means
company issue the bonds in the foreig currency. it is the
mix of both equity and debt. the bond holder have the right
to get regular coupan and principal amount and also holder
have the right to convert their bonds in to equity, this
right belongs to the bond holder.
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