Nondeliverable Forward Contracts

Nondeliverable Forward Contracts: ( NDF)

Agreement regarding a position in a specified currency, a specified exchange rate, and a specified future settlement date, that does not result in delivery of currencies. Rather one party in the agreement makes a payment to the other party on the basis of the exchange rate at the future date. Bloomberg Financial Dictionary

Игры ⚽ Поможем решить контрольную работу

NDF — ( Nondeliverable Forward Contracts) Agreement regarding a position in a specified currency, a specified exchange rate, and a specified future settlement date, that does not result in delivery of currencies. Rather one party in the agreement makes … Financial and business terms
Interest rate swap — An interest rate swap is a derivative in which one party exchanges a stream of interest payments for another party s stream of cash flows. Interest rate swaps can be used by hedgers to manage their fixed or floating assets and liabilities. They… … Wikipedia

Academic Dictionaries and Encyclopedias