\u30102026\u5e74\u6700\u65b0\u3011\u30a4\u30f3\u30c9\u306eECB\uff08\u5916\u90e8\u5546\u696d\u501f\u5165\uff09\u5927\u5e45\u898f\u5236\u7de9\u548c\u306e<\/span><\/strong>
\n\u30dd\u30a4\u30f3\u30c8\u3068\u65e5\u672c\u89aa\u4f1a\u793e\u304b\u3089\u306e\u8cb8\u4ed8\u5b9f\u52d9<\/span><\/strong><\/p>\n

 <\/p>\n

\u30a4\u30f3\u30c9\u306eECB\uff08\u5916\u90e8\u5546\u696d\u501f\u5165\uff09\u3068\u306f\uff1f2026\u5e74\u306e\u5927\u5e45\u6539\u6b63\u306e\u6982\u8981\u00a0<\/b><\/h2>\n

 <\/p>\n

\u3000ECB\uff08External Commercial Borrowing\uff1a\u5916\u90e8\u5546\u696d\u501f\u5165\uff09<\/b>\u306f\u3001\u30a4\u30f3\u30c9\u56fd\u5185\u306e\u9069\u683c\u501f\u5165\u8005\u304c\u30a4\u30f3\u30c9\u56fd\u5916\u5c45\u4f4f\u8005\u304b\u3089\u884c\u3046\u5916\u8ca8\u5efa\u3066\u307e\u305f\u306f\u30eb\u30d4\u30fc\u5efa\u3066\u306e\u5546\u696d\u501f\u5165\u3067\u3059\u3002\u65e5\u672c\u6cd5\u4eba\uff08\u65e5\u672c\u89aa\u4f1a\u793e\uff09\u304c\u30a4\u30f3\u30c9\u5b50\u4f1a\u793e\u306b\u8cb8\u4ed8\u3092\u884c\u3046\u5834\u5408\u304c\u3053\u308c\u306b\u8a72\u5f53\u3057\u307e\u3059\u3002<\/span><\/span><\/p>\n

\u3000RBI\u306f2026\u5e742\u670816\u65e5\u3001<\/span>FEM (Borrowing and Lending) (First Amendment) Regulations, 2026\uff08\u4ee5\u4e0b\u300c2026\u5e74\u6539\u6b63\u898f\u5236\u300d\uff09<\/b>\u3092\u65bd\u884c\u3057\u30012019\u5e74\u4ee5\u6765\u306e\u51e6\u65b9\u7684\u30fb\u5236\u9650\u7684\u306a\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3092\u3001<\/span>\u5e02\u5834\u539f\u7406\u306b\u57fa\u3065\u304f\u67d4\u8edf\u306a\u5236\u5ea6\u306b\u629c\u672c\u7684\u306b\u8ee2\u63db<\/b>\u3057\u307e\u3057\u305f\u30022019\u5e74\u306eMaster Direction on ECB\u306eECB\u95a2\u9023\u898f\u5b9a\u306f\u540c\u65e5\u3092\u3082\u3063\u3066\u3059\u3079\u3066\u524a\u9664\u3055\u308c\u3066\u304a\u308a\u30012026\u5e74\u6539\u6b63\u898f\u5236\u304c\u73fe\u884c\u306e\u552f\u4e00\u306e\u6839\u62e0\u6cd5\u4ee4\u3067\u3059\u3002\u306a\u304a\u30012026\u5e742\u670816\u65e5\u4ee5\u524d\u306bLRN\uff08\u30ed\u30fc\u30f3\u767b\u9332\u756a\u53f7\uff09\u3092\u53d6\u5f97\u6e08\u307f\u306eECB\u306f\u65e7\u5236\u5ea6\u304c\u7d99\u7d9a\u9069\u7528\u3055\u308c\u307e\u3059\u3002<\/span><\/span><\/p>\n

 <\/p>\n

\uff11\uff0e\u65e7\u5236\u5ea6\u3068\u306e\u4e3b\u306a\u5909\u66f4\u70b9<\/b><\/span><\/h2>\n

\u65e7\u5236\u5ea6\uff082019\u5e74Master Direction\uff09\u30682026\u5e74\u6539\u6b63\u898f\u5236\u306e\u4e3b\u8981\u9805\u76ee\u306e\u5bfe\u6bd4\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n

\u9805\u76ee<\/b><\/td>\n	\u65e7\u898f\u5b9a\uff082019\u5e74\uff09<\/b><\/td>\n	\u65b0\u898f\u5b9a\uff082026\u5e742\u670816\u65e5\u301c\uff09<\/b><\/td>\n<\/tr>\n
\u6839\u62e0\u6cd5\u4ee4<\/b><\/td>\n	Master Direction on ECB\uff082019\u5e743\u6708\uff09<\/span><\/td>\n	FEM (Borrowing and Lending) (First Amendment) Regulations, 2026\uff082026\u5e742\u670816\u65e5\u65bd\u884c\uff09<\/b><\/td>\n<\/tr>\n
\u81ea\u52d5\u627f\u8a8d\u4e0a\u9650<\/b><\/td>\n	\u5e74\u9593 USD 7\u51045,000\u4e07<\/span><\/td>\n	USD 10\u5104 \u307e\u305f\u306f \u7d14\u8cc7\u7523\u306e300% \u306e\u3044\u305a\u308c\u304b\u9ad8\u3044\u65b9\uff08\u91d1\u878d\u898f\u5236\u5f53\u5c40\u76e3\u7763\u4e0b\u306e\u4e8b\u696d\u8005\u306f\u9664\u304f\uff09<\/b><\/td>\n<\/tr>\n
All-in Cost\u4e0a\u9650<\/b><\/td>\n	\u5916\u8ca8\u5efa\u3066\uff1a\u57fa\u6e96\u30ec\u30fc\u30c8\uff0b500bps \u30eb\u30d4\u30fc\u5efa\u3066\uff1a\u57fa\u6e96\u30ec\u30fc\u30c8\uff0b450bps<\/span><\/td>\n	MAMP\u8d853\u5e74\uff1a\u4e0a\u9650\u64a4\u5ec3\uff08\u5e02\u5834\u91d1\u5229\uff09 1\u301c3\u5e74\uff08\u88fd\u9020\u696d\uff09\uff1aARR\uff0b300bps\uff08FCY\uff09\/ARR\uff0b250bps\uff08INR\uff09<\/b><\/td>\n<\/tr>\n
MAMP<\/b><\/td>\n	3\u5e74\uff08\u88fd\u9020\u696d\u306fUSD 5,000\u4e07\u4ee5\u4e0b\u306a\u30891\u5e74\uff09<\/span><\/td>\n	3\u5e74\uff08\u88fd\u9020\u696d\u306fUSD 1\u51045,000\u4e07\u4ee5\u4e0b\u306a\u30891\u301c3\u5e74\uff09<\/b><\/td>\n<\/tr>\n
\u9069\u683c\u8cb8\u4ed8\u8005<\/b><\/td>\n	FATF\/IOSCO\u52a0\u76df\u56fd\u5c45\u4f4f\u8005\u306b\u9650\u5b9a<\/span><\/td>\n	\u30a4\u30f3\u30c9\u56fd\u5916\u5c45\u4f4f\u306e\u3059\u3079\u3066\u306e\u8005\uff08\u500b\u4eba\u542b\u3080\uff09\u3002FATF\/IOSCO\u8981\u4ef6\u64a4\u5ec3<\/b><\/td>\n<\/tr>\n
\u30d8\u30c3\u30b8\u8981\u4ef6<\/b><\/td>\n	\u5916\u8ca8\u5efa\u3066ECB\u306b\u7fa9\u52d9\u3042\u308a\uff08\u4e00\u90e8\uff09<\/span><\/td>\n	\u64a4\u5ec3<\/b><\/td>\n<\/tr>\n
\u5831\u544a<\/b><\/td>\n	Form ECB\uff08LRN\u53d6\u5f97\uff09\u30fbForm ECB-2 Return\uff08\u6708\u6b21\uff09<\/span><\/td>\n	Form ECB 1\uff08LRN\u53d6\u5f97\uff09\u30fbForm ECB 2\uff08\u30a4\u30d9\u30f3\u30c8\u30d9\u30fc\u30b9\u30fb\u6708\u672b\u5f8c7\u65e5\u4ee5\u5185\uff09<\/b><\/td>\n<\/tr>\n
\u4f7f\u9014<\/b><\/td>\n	M&A\u30fbIBC\u30fb\u8ee2\u8cb8\u306f\u539f\u5247\u7981\u6b62<\/span><\/td>\n	M&A\u30fbIBC\u30fb\u8ee2\u8cb8\u30fb\u30eb\u30d4\u30fc\u30ed\u30fc\u30f3\u8fd4\u6e08\u7b49\u304c\u65b0\u305f\u306b\u8a31\u5bb9<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n III. \u4e3b\u8981\u501f\u5165\u6761\u4ef6<\/b><\/h2>\n  <\/p>\n \u2460 \u501f\u5165\u4e0a\u9650<\/b><\/span><\/p>\n \u81ea\u52d5\u627f\u8a8d\u30eb\u30fc\u30c8\u306e\u501f\u5165\u4e0a\u9650\u306f\u3001<\/span>\uff08a\uff09\u6b8b\u9ad8\u30d9\u30fc\u30b9\u3067USD 10\u5104 \u307e\u305f\u306f \uff08b\uff09\u76f4\u8fd1\u76e3\u67fb\u6e08\u307f\u5358\u4f53\u8cb8\u501f\u5bfe\u7167\u8868\u4e0a\u306e\u7d14\u8cc7\u7523\u306e300% \u306e\u3044\u305a\u308c\u304b\u9ad8\u3044\u65b9<\/b>\u3067\u3059\u3002\u65e7\u5236\u5ea6\u306e\u5e74\u9593USD 7\u51045,000\u4e07\u3068\u3044\u3046\u4e00\u5f8b\u4e0a\u9650\u304b\u3089\u3001\u501f\u5165\u8005\u306e\u8ca1\u52d9\u898f\u6a21\u306b\u30ea\u30f3\u30af\u3057\u305f\u67d4\u8edf\u306a\u4e0a\u9650\u306b\u79fb\u884c\u3057\u307e\u3057\u305f\u3002\u306a\u304aRBI\u30fbSEBI\u30fbIRDAI\u30fbPFRDA\u306e\u76e3\u7763\u4e0b\u306b\u3042\u308b\u91d1\u878d\u6a5f\u95a2\u306f\u3053\u306e\u4e0a\u9650\u306e\u9069\u7528\u5916\u3067\u3042\u308a\u3001\u5404\u898f\u5236\u5f53\u5c40\u306e\u5065\u5168\u6027\u898f\u5236\u306b\u670d\u3057\u307e\u3059\u3002<\/span><\/span><\/p>\n  <\/p>\n \u2461 MAMP\uff08\u6700\u4f4e\u5e73\u5747\u6e80\u671f\uff09<\/b><\/span><\/p>\n MAMP\u306f\u501f\u5165\u5b9f\u884c\u65e5\u304b\u3089\u306e\u52a0\u91cd\u5e73\u5747\u6e80\u671f\u3067\u3042\u308a\u3001\u671f\u4e2d\u306e\u30b3\u30fc\u30eb\u30fb\u30d7\u30c3\u30c8\u30aa\u30d7\u30b7\u30e7\u30f3\u884c\u4f7f\u306fMAMP\u7d4c\u904e\u524d\u306b\u306f\u8a8d\u3081\u3089\u308c\u307e\u305b\u3093\u3002<\/span><\/p>\n  <\/p>\n\n\n\n\n\n\n \u985e\u578b<\/b><\/td>\n MAMP<\/b><\/td>\n \u5099\u8003<\/b><\/td>\n<\/tr>\n \u4e00\u822c\uff08\u3059\u3079\u3066\u306e\u501f\u5165\u8005\uff09<\/b><\/td>\n 3\u5e74<\/b><\/td>\n FCY\u30fbINR ECB\u3068\u3082\u540c\u4e00\u3002\u65e5\u672c\u89aa\u4f1a\u793e\u304b\u3089\u306e\u501f\u5165\u3082\u539f\u52473\u5e74<\/span><\/td>\n<\/tr>\n \u88fd\u9020\u696d \uff08USD 1\u51045,000\u4e07\u4ee5\u4e0b\uff09<\/b><\/td>\n 1\u301c3\u5e74<\/b><\/td>\n \u5e74\u9593\u6b8b\u9ad8\u304cUSD 1\u51045,000\u4e07\u3092\u8d85\u3048\u305f\u6642\u70b9\u304b\u3089\u4e00\u822c\u306e3\u5e74\u304c\u9069\u7528<\/span><\/td>\n<\/tr>\n \u4ee5\u4e0b\u306e\u5834\u5408\u306fMAMP\u9069\u7528\u514d\u9664<\/b><\/td>\n \u514d\u9664<\/b><\/td>\n \u2460\u30a8\u30af\u30a4\u30c6\u30a3\u3078\u306e\u8ee2\u63db \u2461FDI\u8cc7\u91d1\u3067\u306e\u8fd4\u6e08 \u2462\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9 \u2463\u5408\u4f75\u30fb\u6e05\u7b97\u7b49\u306e\u7d44\u7e54\u518d\u7de8<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n \u2462 \u91d1\u5229\u30fb\u30b3\u30b9\u30c8<\/b><\/span><\/p>\n 2026\u5e74\u6539\u6b63\u898f\u5236\u306e\u6700\u3082\u5927\u304d\u306a\u5909\u5316\u306e\u3072\u3068\u3064\u306f<\/span>All-in Cost Ceiling\u306e\u5927\u5e45\u306a\u898b\u76f4\u3057<\/b>\u3067\u3059\u3002\u6539\u6b63\u524d\u306f\u5916\u8ca8\u5efa\u3066ECB\u304c\u57fa\u6e96\u30ec\u30fc\u30c8\uff0b500bps\u3001\u30a4\u30f3\u30c9\u30eb\u30d4\u30fc\u5efa\u3066ECB\u304c\u57fa\u6e96\u30ec\u30fc\u30c8\uff0b450bps\u306e\u4e0a\u9650\u304c\u8a2d\u3051\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u6539\u6b63\u5f8c\u3001MAMP\u8d853\u5e74\uff08\u4e00\u822c\u6848\u4ef6\uff09\u306e\u9577\u671fECB\u306b\u3064\u3044\u3066\u306f\u91d1\u5229\u4e0a\u9650\u304c\u5b8c\u5168\u306b\u64a4\u5ec3\u3055\u308c\u5e02\u5834\u91d1\u5229\u304c\u9069\u7528\u3055\u308c\u307e\u3059\u3002\u4e00\u65b9\u3001\u88fd\u9020\u696d\u5411\u3051\u306e\u77ed\u30fb\u4e2d\u671fECB\uff08MAMP 1\u301c3\u5e74\u3001USD 1\u51045,000\u4e07\u4ee5\u4e0b\uff09\u306b\u3064\u3044\u3066\u306fARR\uff08\u4ee3\u66ff\u53c2\u7167\u91d1\u5229\uff09\uff0b300bps\uff08FCY\uff09\u307e\u305f\u306fARR\uff0b250bps\uff08INR\uff09\u306e\u4e0a\u9650\u304c\u8a2d\u3051\u3089\u308c\u3066\u304a\u308a\u3001\u77ed\u671f\u8cc7\u672c\u6d41\u51fa\u3092\u6291\u5236\u3059\u308b\u67a0\u7d44\u307f\u304c\u7dad\u6301\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/span><\/p>\n  <\/p>\n \u2463 \u8cc7\u91d1\u4f7f\u9014<\/b><\/span><\/p>\n 2026\u5e74\u6539\u6b63\u898f\u5236\u3067\u306f\u7981\u6b62\u7528\u9014\u30ea\u30b9\u30c8\u304c\u5927\u5e45\u306b\u7e2e\u5c0f\u3055\u308c\u3001\u4ee5\u4e0b\u304c\u65b0\u305f\u306b\u8a31\u5bb9\u3055\u308c\u307e\u3057\u305f\u3002<\/span><\/p>\n  <\/p>\n\n\n\n 2026\u5e74\u6539\u6b63\u3067\u65b0\u305f\u306b\u8a31\u5bb9\u3055\u308c\u305f\u4e3b\u306a\u4f7f\u9014<\/b><\/p>\n \u30fb<\/span>M&A\uff08SEBI\u306e\u8cb7\u53ce\u898f\u5236\u306b\u57fa\u3065\u304f\u682a\u5f0f\u53d6\u5f97\u3092\u542b\u3080\uff09<\/span><\/p>\n \u30fb<\/span>IBC\uff08\u4f01\u696d\u5012\u7523\u624b\u7d9a\uff09\u306b\u57fa\u3065\u304f\u4f01\u696d\u518d\u751f\u30fb\u8cb7\u53ce<\/span><\/p>\n \u30fb <\/span>\u65e2\u5b58\u30eb\u30d4\u30fc\u30ed\u30fc\u30f3\u306e\u8fd4\u6e08\uff08\u4e0d\u826f\u50b5\u6a29\u3092\u9664\u304f\uff09<\/span><\/p>\n \u30fb <\/span>\u7b2c\u4e09\u8005\u3078\u306e\u8ee2\u8cb8\uff08\u7981\u6b62\u7528\u9014\u3067\u306a\u3044\u76ee\u7684\u306b\u9650\u308b\uff09<\/span><\/p>\n \u30fb<\/span>\u4e0d\u52d5\u7523\u95a2\u9023\uff08\u30a4\u30f3\u30d5\u30e9\u6574\u5099\u30fb\u81ea\u5df1\u4f7f\u7528\u76ee\u7684\u53d6\u5f97\u30fb\u4e0d\u52d5\u7523\u4ef2\u4ecb\u696d\u7b49\u3001\u4e00\u90e8\u4f8b\u5916\u3068\u3057\u3066\u89e3\u7981\uff09<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n \u5f15\u304d\u7d9a\u304d\u7981\u6b62\u3055\u308c\u308b\u4e3b\u306a\u4f7f\u9014\uff1a\u30c1\u30c3\u30c8\u30fb\u30d5\u30a1\u30f3\u30c9\u3001\u30cb\u30c7\u30a3\u4f1a\u793e\u3001\u8a3c\u5238\u5e02\u5834\u3078\u306e\u6295\u8cc7\uff08\u6226\u7565\u7684\u4f01\u696d\u884c\u52d5\u3092\u9664\u304f\uff09\u3001\u7279\u5b9a\u306e\u8fb2\u696d\u6d3b\u52d5\u3001TDR\u53d6\u5f15\u3001\u5236\u9650\u3055\u308c\u305f\u56fd\u5185\u30ed\u30fc\u30f3\u306e\u8fd4\u6e08\u3002<\/span><\/p>\n  <\/p>\n \uff11\uff0e\u5831\u544a\u7fa9\u52d9<\/b><\/h2>\n 2026\u5e74\u6539\u6b63\u898f\u5236\u306b\u3088\u308a\u5831\u544a\u30d5\u30a9\u30fc\u30e0\u304c\u66f4\u65b0\u3055\u308c\u30012026\u5e742\u670818\u65e5\u304b\u3089\u5373\u6642\u9069\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n  <\/p>\n\n\n\n ECB\u306e\u4e3b\u306a\u5831\u544a\u7fa9\u52d9\uff082026\u5e74\u6539\u6b63\u5f8c\uff09<\/b><\/p>\n \u2014 <\/span>Form ECB 1\uff08LRN\u53d6\u5f97\uff09\uff1a\u501f\u5165\u5951\u7d04\u7de0\u7d50\u5f8c\u3001\u521d\u56de\u8cc7\u91d1\u5f15\u51fa\u524d\u306bAD Bank\uff08\u6307\u5b9a\u9280\u884c Category-I\uff09\u7d4c\u7531\u3067RBI\u306b\u63d0\u51fa\u3057LRN\uff08\u30ed\u30fc\u30f3\u767b\u9332\u756a\u53f7\uff09\u3092\u53d6\u5f97\u3002LRN\u53d6\u5f97\u524d\u306e\u5f15\u51fa\u306fFEMA\u9055\u53cd\u3068\u306a\u308b\u3002<\/span><\/p>\n \u2014 <\/span>Form ECB 2\uff08\u30a4\u30d9\u30f3\u30c8\u30d9\u30fc\u30b9\u5831\u544a\uff09\uff1a\u8cc7\u91d1\u5f15\u51fa\u307e\u305f\u306f\u50b5\u52d9\u8fd4\u6e08\u304c\u767a\u751f\u3057\u305f\u6708\u306e\u672b\u65e5\u5f8c7\u65e5\u4ee5\u5185\u306bAD Bank\u7d4c\u7531\u3067\u63d0\u51fa\u3002\u5f15\u51fa\u30fb\u8fd4\u6e08\u304c\u306a\u3044\u6708\u306f\u63d0\u51fa\u4e0d\u8981\u3068\u306a\u308a\u3001\u65e7\u5236\u5ea6\u306e\u6708\u6b21\u63d0\u51fa\u7fa9\u52d9\u304b\u3089\u7c21\u7d20\u5316\u3002<\/span><\/p>\n \u2014 <\/span>\u300c\u8ffd\u8de1\u4e0d\u80fd\u501f\u5165\u8005\u300d\u5236\u5ea6\u306e\u65b0\u8a2d\uff1a4\u56db\u534a\u671f\u9023\u7d9a\u3067\u6240\u5b9a\u306e\u7533\u544a\u3092\u6020\u3063\u305f\u501f\u5165\u8005\u306fRBI\u304a\u3088\u3073\u57f7\u884c\u5c40\uff08Directorate of Enforcement\uff09\u306b\u5831\u544a\u3055\u308c\u308b\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n 5.\u65e5\u672c\u89aa\u4f1a\u793e\u304b\u3089\u30a4\u30f3\u30c9\u5b50\u4f1a\u793e\u3078ECB\u8cb8\u4ed8\u3092\u884c\u3046\u969b\u306e\u5b9f\u52d9\u4e0a\u306e\u7559\u610f\u70b9\u3068\u306f\uff1f\u00a0<\/b><\/h2>\n \u9069\u683c\u8cb8\u4ed8\u8005\u3068\u3057\u3066\u306e\u65e5\u672c\u89aa\u4f1a\u793e<\/b><\/span><\/p>\n 2026\u5e74\u6539\u6b63\u898f\u5236\u306b\u3088\u308aFATF\/IOSCO\u52a0\u76df\u56fd\u3068\u3044\u3046\u8981\u4ef6\u306f\u64a4\u5ec3\u3055\u308c\u3001\u30a4\u30f3\u30c9\u56fd\u5916\u306b\u5c45\u4f4f\u3059\u308b\u3059\u3079\u3066\u306e\u8005\u304c\u9069\u683c\u8cb8\u4ed8\u8005\uff08Recognised Lender\uff09\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u65e5\u672c\u89aa\u4f1a\u793e\u306f\u3082\u3061\u308d\u3093\u3001\u65e5\u672c\u306e\u91d1\u878d\u6a5f\u95a2\u30fb\u500b\u4eba\u6295\u8cc7\u5bb6\u3082\u9069\u683c\u8cb8\u4ed8\u8005\u3068\u3057\u3066\u8a8d\u3081\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n \u306a\u304a\u30012026\u5e74\u6539\u6b63\u898f\u5236\u3067\u306f<\/span>\u95a2\u4fc2\u5f53\u4e8b\u8005\uff08related party\uff09\u304b\u3089\u306eECB\u306b\u3064\u3044\u3066\u306f\u30a2\u30fc\u30e0\u30ba\u30fb\u30ec\u30f3\u30b0\u30b9\u30fb\u30d9\u30fc\u30b9\uff08arm’s length basis\uff09\u3067\u884c\u3046\u5fc5\u8981\u304c\u3042\u308b<\/b>\u3068\u306e\u898f\u5b9a\u304c\u65b0\u8a2d\u3055\u308c\u307e\u3057\u305f\u3002\u65e5\u672c\u89aa\u4f1a\u793e\u304b\u3089\u30a4\u30f3\u30c9\u5b50\u4f1a\u793e\u3078\u306eECB\u306f\u3053\u306e\u95a2\u4fc2\u5f53\u4e8b\u8005\u53d6\u5f15\u306b\u8a72\u5f53\u3059\u308b\u305f\u3081\u3001\u91d1\u5229\u30fb\u6761\u4ef6\u306e\u8a2d\u5b9a\u306b\u3042\u305f\u3063\u3066\u306f<\/span>\u72ec\u7acb\u4f01\u696d\u9593\u4fa1\u683c<\/span>\u3067\u3042\u308b\u3053\u3068\u306e\u6839\u62e0\u3092\u6587\u66f8\u5316\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u63a8\u5968\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u79fb\u8ee2\u4fa1\u683c\u7ba1\u7406\u3068\u3082\u9023\u52d5\u3059\u308b\u5b9f\u52d9\u4e0a\u306e\u91cd\u8981\u4e8b\u9805\u3067\u3059\u3002<\/span><\/span><\/p>\n \u62c5\u4fdd\u8a2d\u5b9a\u306e\u81ea\u7531\u5316<\/b><\/span><\/p>\n 2026\u5e74\u6539\u6b63\u898f\u5236\u306b\u3088\u308a\u3001ECB\u3078\u306e\u62c5\u4fdd\u8a2d\u5b9a\u306f<\/span>AD Bank\u306e\u4e8b\u524d\u627f\u8a8d\u306a\u304f\u81ea\u7531\u306b\u884c\u3048\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f<\/b>\u3002\u307e\u305f\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306b\u9650\u3089\u305a\u3059\u3079\u3066\u306e\u501f\u5165\u8005\u306b\u304a\u3044\u3066\u3001\u77e5\u7684\u8ca1\u7523\u6a29\u7b49\u306e\u7121\u5f62\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u62c5\u4fdd\u8a2d\u5b9a\u3082\u660e\u6587\u3067\u8a8d\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8cb8\u4ed8\u4eba\u306f\u3088\u308a\u5b89\u5fc3\u3057\u3066ECB\u306b\u3088\u308b\u8cc7\u91d1\u63d0\u4f9b\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/span><\/span><\/p>\n TDS\uff08\u6e90\u6cc9\u5fb4\u53ce\u7a0e\uff09\u3068\u306e\u95a2\u4fc2<\/b><\/span><\/p>\n \u30a4\u30f3\u30c9\u5b50\u4f1a\u793e\u304c\u65e5\u672c\u89aa\u4f1a\u793e\u306b\u652f\u6255\u3046\u5229\u5b50\u306f\u00a7195\u306b\u57fa\u3065\u304d\u6e90\u6cc9\u5fb4\u53ce\u306e\u5bfe\u8c61\u3067\u3059\u3002\u65e5\u5370DTAA\uff08\u79df\u7a0e\u6761\u7d04\uff09Article 11\u306e\u300c\u5229\u5b50\u300d\u6761\u9805\u306b\u3088\u308a\u6e90\u6cc9\u7a0e\u7387\u306f<\/span>10%<\/b>\uff08\u30b5\u30fc\u30c1\u30e3\u30fc\u30b8\u30fbcess\u4e0d\u52a0\u7b97\uff09\u3068\u306a\u308a\u307e\u3059\u3002DTAA\u9069\u7528\u306b\u306fTRC\uff08\u5c45\u4f4f\u8005\u8a3c\u660e\uff09\u3068Form 10F\u304c\u6bce\u5e74\u5fc5\u8981\u3067\u3059\u3002\u306a\u304aAll-in Cost\uff082026\u5e74\u6539\u6b63\u5f8c\u306f3\u5e74\u8d85\u306f\u5e02\u5834\u91d1\u5229\uff09\u306e\u8a08\u7b97\u4e0a\u3001TDS\u306f\u542b\u307e\u308c\u307e\u305b\u3093\u3002<\/span><\/span><\/p>\n \u307e\u3068\u3081<\/b><\/span><\/p>\n 2026\u5e742\u6708\u306e\u6539\u6b63\u306b\u3088\u308a\u3001\u30a4\u30f3\u30c9\u306eECB\u5236\u5ea6\u306f\u51e6\u65b9\u7684\u30fb\u5236\u9650\u7684\u306a\u65e7\u5236\u5ea6\u304b\u3089\u5e02\u5834\u539f\u7406\u306b\u57fa\u3065\u304f\u67d4\u8edf\u306a\u5236\u5ea6\u3078\u3068\u8ee2\u63db\u3057\u307e\u3057\u305f\u3002\u91d1\u5229\u4e0a\u9650\u306e\u5b9f\u8cea\u64a4\u5ec3\u30fb\u501f\u5165\u4e0a\u9650\u306e\u62e1\u5927\u30fb\u9069\u683c\u8cb8\u4ed8\u8005\u306e\u5927\u5e45\u306a\u62e1\u5f35\u30fbM&A\u3084\u8ee2\u8cb8\u3078\u306e\u4f7f\u9014\u958b\u653e\u306f\u3001\u65e5\u7cfb\u4f01\u696d\u306b\u3068\u3063\u3066ECB\u3092\u3088\u308a\u5b9f\u7528\u7684\u306a\u8cc7\u91d1\u8abf\u9054\u624b\u6bb5\u306b\u3059\u308b\u3082\u306e\u3067\u3059\u3002<\/span><\/p>\n \u4e00\u65b9\u3067<\/span>MAMP\u3068\u5831\u544a\u7fa9\u52d9\uff08LRN\u53d6\u5f97\u9806\u5e8f\u30fbForm ECB 2\u306e\u63d0\u51fa\uff09\u306f\u65e7\u5236\u5ea6\u3068\u540c\u69d8\u306b\u53b3\u683c<\/b>\u3067\u3042\u308a\u3001\u3053\u308c\u3089\u3092\u6020\u3063\u305f\u5834\u5408\u306eFEMA\u9055\u53cd\u30fb\u30b3\u30f3\u30d1\u30a6\u30f3\u30c7\u30a3\u30f3\u30b0\u30ea\u30b9\u30af\u306f\u5909\u308f\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u6539\u6b63\u306e\u6069\u6075\u3092\u4eab\u53d7\u3057\u3064\u3064\u3001\u624b\u7d9a\u4e0a\u306e\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3092\u78ba\u5b9f\u306b\u7ba1\u7406\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/span><\/span><\/p>\n \u306a\u304a\u30012026\u5e742\u670816\u65e5\u4ee5\u524d\u306bLRN\u3092\u53d6\u5f97\u6e08\u307f\u306eECB\u306f\u65e7\u5236\u5ea6\uff082019\u5e74Master Direction\uff09\u304c\u7d99\u7d9a\u9069\u7528\u3055\u308c\u307e\u3059\u3002\u65e2\u5b58ECB\u306e\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3084\u6761\u4ef6\u5909\u66f4\u3092\u691c\u8a0e\u3059\u308b\u5834\u5408\u306f\u3001\u65b0\u65e7\u3069\u3061\u3089\u306e\u5236\u5ea6\u304c\u9069\u7528\u3055\u308c\u308b\u304b\u3092AD Bank\u3068\u3068\u3082\u306b\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/span><\/p>\n  <\/p>\n \u30a4\u30f3\u30c9\u62e0\u70b9 \u677e\u6ce2 \u96c4\u5927 <\/span><\/p>\n \u3053\u306e\u8a18\u4e8b\u306b\u5bfe\u3059\u308b\u3054\u8cea\u554f\u30fb\u305d\u306e\u4ed6\u30a4\u30f3\u30c9\u306b\u95a2\u3059\u308b\u60c5\u5831\u3078\u306e\u3054\u8cea\u554f\u7b49\u304c\u3054\u3056\u3044\u307e\u3057\u305f\u3089 \n\u304a\u6c17\u8efd\u306b\u304a\u554f\u3044\u5408\u308f\u305b\u304f\u3060\u3055\u3044\u3002<\/span><\/p>\n <\/a><\/p>\n \u3010PR\u3011\u6d77\u5916\u6700\u65b0\u30d3\u30b8\u30cd\u30b9\u60c5\u5831\u30b5\u30a4\u30c8\u300cWiki Investment\u300d<\/h2>\n <\/a> \n\u203b\u753b\u50cf\u30af\u30ea\u30c3\u30af\u3067Wiki Investment\u30da\u30fc\u30b8\u3078\u79fb\u52d5\u3057\u307e\u3059<\/p>\n \u9032\u51fa\u4e88\u5b9a\u306e\u56fd\u3001\u9032\u51fa\u3057\u3066\u3044\u308b\u56fd\u306e\u60c5\u5831\u53ce\u96c6\u306b\u3001\u6642\u9593\u304b\u304b\u308a\u307e\u305b\u3093\u304b\uff1f \n<\/span>\u9032\u51fa\u3057\u3066\u30d3\u30b8\u30cd\u30b9\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306b\u306f\u3001 \n\u305d\u306e\u56fd\u306e\u77e5\u8b58\u3084\u5b9f\u60c5\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u5fc5\u9808\u3068\u306a\u3063\u3066\u304d\u307e\u3059\u3002<\/span> \n\u3057\u304b\u3057\u3001\u60c5\u5831\u304c\u6ea2\u308c\u304b\u3048\u3063\u3066\u3044\u308b\u793e\u4f1a\u3067\u306f\u3069\u308c\u304c\u672c\u5f53\u306b\u4fe1\u983c\u3067\u304d\u308b\u60c5\u5831\u306a\u306e\u304b\uff1f<\/strong><\/span>\u304c\u91cd\u8981\u3067\u3059\u3002<\/span> \n\u305d\u3093\u306a<\/span>\u300c\u4fe1\u983c\u3067\u304d\u308b\u60c5\u5831\u300d\u3092\u307e\u3068\u3081\u305f\u30b5\u30a4\u30c8<\/span><\/strong>\u304c\u3042\u308c\u3070\u3001\u3069\u308c\u3060\u3051\u697d\u306b\u60c5\u5831\u53ce\u96c6\u304c\u3067\u304d\u308b\u3060\u308d\u3046\u2026 \n<\/span>\u305d\u306e\u601d\u3044\u304b\u3089\u4f5c\u6210\u3057\u305f\u30b5\u30a4\u30c8\u304c\u300cWiki Investment<\/a>\u300d<\/strong><\/span>\u3067\u3059\uff01! \n<\/span>\u5f0a\u793e\u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30b0\u30eb\u30fc\u30d7\u306f\u6d77\u591620\u30ab\u56fd\u8d85\u306b\u5c55\u958b\u3057\u3066\u304a\u308a\u3001<\/span> \n\u305d\u306e\u73fe\u5730\u99d0\u5728\u54e1\u304c\u6700\u65b0\u60c5\u5831\u3092\u300cWiki Investment\u300d\u306b\u307e\u3068\u3081\u3066\u3044\u307e\u3059\u3002 \n<\/span> \n<\/a> \n\u3010Wiki Investment\u3067\u4f55\u304c\u3067\u304d\u308b\uff1f<\/strong><\/span>\u3011<\/strong><\/span><\/em><\/span><\/p>\n \u30fb\u73fe\u5730\u99d0\u5728\u54e1\u304c\u6bce\u9031\u30db\u30c3\u30c8\u306a\u60c5\u5831<\/u><\/em>\u3092\u66f4\u65b0\u3059\u308bNews update<\/u><\/em><\/span><\/strong><\/span><\/p>\n \u30fb\u73fe\u5730\u306b\u6ede\u5728\u3059\u308b\u65b9\u304b\u3089\u3054\u8cea\u554f\u9802\u304f\u3001 \n<\/strong>\u3000\u3088\u308a\u5b9f\u52d9\u306b\u6cbf\u3063\u305f\u5185\u5bb9\u304c\u8a18\u8f09\u3055\u308c\u3066\u3044\u308bQ\uff06A\u96c6<\/u><\/em><\/span><\/strong><\/span><\/p>\n \u30fb\u5f53\u793e\u304c\u51fa\u7248\u3057\u3066\u3044\u308b\u6d77\u5916\u5b9f\u52d9\u672c\u3092\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\u5316<\/u><\/span>\u3057\u305fTCG\u66f8\u7c4d<\/strong><\/span><\/p>\n \u306a\u3069\u306e\u65b0\u6a5f\u80fd\u3082\u8ffd\u52a0\u3057\u307e\u3057\u305f\uff01<\/span><\/p>\n \u7d4c\u55b6\u8005\u30fb\u5e79\u90e8\u5c64\u306e\u65b9\u306b\u304a\u30b9\u30b9\u30e1\u3057\u305f\u3044\u3010\u5168\u3066\u306e\u7d4c\u55b6\u8005\u3078\u8d08\u308bTCG\u30d6\u30ed\u30b0\u3011<\/h2>\n <\/a><\/p>\n \u203b\u753b\u50cf\u30af\u30ea\u30c3\u30af\u3067\u300cTCG\u30d6\u30ed\u30b0\u300d\u30da\u30fc\u30b8\u3078\u79fb\u52d5\u3057\u307e\u3059<\/p>\n \u4f1a\u793e\u7d4c\u55b6\u3084\u90e8\u4e0b\u306e\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3092\u3057\u3066\u3044\u308b\u3068\u3001\u69d8\u3005\u306a\u304a\u60a9\u307f\u3063\u3066\u51fa\u3066\u304d\u307e\u305b\u3093\u304b\uff1f<\/span><\/p>\n \u30fb<\/span>\u3069\u3046\u3057\u305f\u3089\u3001\u4f1a\u793e\u306f\u826f\u304f\u306a\u3063\u3066\u3044\u304f\u3093\u3060\u308d\u3046\u30fb\u30fb\u30fb<\/span> \n\u30fb\u90e8\u4e0b\u304c\u80b2\u3063\u3066\u304f\u308c\u308b\u306b\u306f\u3069\u3046\u3057\u305f\u3089\u3044\u3044\u3093\u3060\u308d\u3046\u30fb\u30fb\u30fb<\/span><\/p>\n \u305d\u3046\u3044\u3063\u305f\u304a\u60a9\u307f\u3092\u3082\u3064\u7d4c\u55b6\u5c64\u306e\u7686\u69d8\u306b\u304a\u30b9\u30b9\u30e1\u3057\u3066\u3044\u308b\u30d6\u30ed\u30b0\u304c\u3054\u3056\u3044\u307e\u3059\u3002<\/span> \n\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u3068\u3057\u3066\u3001\u3053\u308c\u307e\u3067\u591a\u304f\u306e\u4f01\u696d\u69d8\u3068\u95a2\u308f\u308a\u3001 \n\u8ab2\u984c\u3092\u89e3\u6c7a\u3057\u3066\u304d\u305f\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u9054\u306b\u3088\u308b<\/span> \n\u7d4c\u55b6\u8ab2\u984c\u3084\u60a9\u307f\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u305f\u30d6\u30ed\u30b0\u3092\u7121\u6599\u516c\u958b\u3057\u3066\u304a\u308a\u307e\u3059\u3002<\/span><\/p>\n \u3082\u3063\u3068\u4f1a\u793e\u3092\u826f\u304f\u3057\u305f\u3044\uff01\u3001\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306b\u3064\u3044\u3066\u5b66\u3073\u305f\u3044\uff01<\/span><\/strong><\/p>\n \u305d\u3046\u304a\u8003\u3048\u306e\u7686\u69d8\u306b\u304a\u30b9\u30b9\u30e1\u306e\u30b3\u30f3\u30c6\u30f3\u30c4\u3068\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u305c\u3072\u3054\u89a7\u304f\u3060\u3055\u3044\uff01<\/span><\/p>\n \u30fb\u300c\u5168\u3066\u306e\u7d4c\u55b6\u8005\u3078\u8d08\u308bTCG\u30d6\u30ed\u30b0\u300d\u306f\u3053\u3061\u3089\u304b\u3089<\/span><\/a><\/strong><\/p>\n \n \nTokyo Consulting Firm Private Limited\uff08India\uff09 \n\u677e\u6ce2\u3000\u512a\u5927\uff08\u307e\u3064\u306a\u307f\u3000\u3086\u3046\u3060\u3044\uff09<\/p>\n \u203b\uff09\u8a18\u8f09\u3057\u307e\u3057\u305f\u5185\u5bb9\u306f\u3001\u4f5c\u6210\u6642\u70b9\u3067\u5f97\u3089\u308c\u308b\u60c5\u5831\u3092\u3082\u3068\u306b\u3001\u6700\u65b0\u306e\u6ce8\u610f\u3092\u6255\u3063\u3066\u4f5c\u6210\u3057\u3066\u304a\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u5185\u5bb9\u306e\u6b63\u78ba\u6027\u53ca\u3073\u5b89\u5168\u6027\u3092\u4fdd\u969c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8a72\u5f53\u60c5\u5831\u306b\u57fa\u3065\u3044\u3066\u88ab\u3063\u305f\u3044\u304b\u306a\u308b\u640d\u5bb3\u306b\u3064\u3044\u3066\u3082\u60c5\u5831\u63d0\u4f9b\u8005\u53ca\u3073\u5f53\u793e\uff08\u682a\u5f0f\u4f1a\u793e\u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u4e26\u3073\u306bTokyo Consulting Firm Co., Ltd.\uff09\u306f\u4e00\u5207\u306e\u8cac\u4efb\u3092\u8ca0\u3046\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u306e\u3067\u3054\u4e86\u627f\u304f\u3060\u3055\u3044\u3002<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\uff01 \u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30b0\u30eb\u30fc\u30d7\u30a4\u30f3\u30c9\u62e0\u70b9\u306e\u677e\u6ce2\u3000\u512a\u5927\u3067\u3059\uff01 \u3044\u3064\u3082\u30d6\u30ed\u30b0\u3092\u304a\u8aad\u307f\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002 \u3055\u3066\u3001\u4eca\u56de\u306f\u300c\u30102026\u5e74\u6700\u65b0\u3011\u30a4\u30f3\u30c9\u306eECB\uff08\u5916\u90e8\u5546\u696d\u501f\u5165\uff09\u5927\u5e45\u898f\u5236\u7de9\u548c\u306e \u30dd\u30a4\u30f3\u30c8\u3068 […]","protected":false},"author":1,"featured_media":6228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"passster_activate_protection":false,"passster_protect_child_pages":"","passster_protection_type":"password","passster_password":"","passster_activate_overwrite_defaults":"","passster_headline":"","passster_instruction":"","passster_placeholder":"","passster_button":"","passster_id":"","passster_activate_misc_settings":"","passster_redirect_url":"","passster_hide":"no","passster_area_shortcode":"","_mi_skip_tracking":false,"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_options":[]},"categories":[3,1,26,24],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/kuno-cpa.co.jp\/india_blog\/wp-content\/uploads\/2024\/01\/cropped-TCG.png?fit=512%2C512&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/paycFi-1IC","_links":{"self":[{"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/posts\/6610"}],"collection":[{"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/comments?post=6610"}],"version-history":[{"count":1,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/posts\/6610\/revisions"}],"predecessor-version":[{"id":6611,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/posts\/6610\/revisions\/6611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/media\/6228"}],"wp:attachment":[{"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/media?parent=6610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/categories?post=6610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/india_blog\/wp-json\/wp\/v2\/tags?post=6610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}