FICCI - Federation of Indian Chambers of Commerce and Industry The Federation of Indian Chambers of Commerce & Industry ( FICCI ) is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purshottamdas Thakurdas, it is the largest, oldest, and the apex business organisation in India.
FCCB - Foreign Currency Convertible Bond Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company's domestic currency. Corporates issue FCCBs to raise money in foreign currencies. These bonds retain all features of a convertible bond, making them very attractive to both the investors and the issuers. These bonds assume great importance for multinational corporations and in the current business scenario of globalisation, where companies are constantly dealing in foreign currencies. FCCBs are quasi-debt instruments and tradable on the stock exchange. Investors are hedge-fund arbitrators or foreign nationals. FCCBs appear on the liabilities side of the issuing company's balance sheet. Under IFRS provisions, a company must mark-to-market the amount of its outstanding bonds. The relevant provisions for FCCB accounting are International Accounting Standards: IAS 39, IAS 32 and IFRS 7. FCCB are iss