Non-Deliverable Forward

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Non-Deliverable Forward

A forward contract on a low-volume or inconvertible currency that cannot be settled by delivery of the underlying. In a non-deliverable forward, the parties net the difference between the exchange rate listed in the contract and the spot rate, and one party pays the other that difference. They are usually settled in U.S. dollars. Multinational corporations sometimes use non-deliverable forwards to hedge against risk associated with comparatively illiquid currencies.
References in periodicals archive ?
The Jasig is an agreement between the Philippine government and the NDF that provides immunity from arrest, and harassment to those involved in the peace negotiations.
He said obviously Duterte had all along wished to preempt and exclude the NDF from what is now coming to light "as his scheme of fascist dictatorship under the pretense of federalism.
The risk of ruminal acidosis can be reduced by adopting feeding regime through increasing or decreasing the dietary intake of daily NDF by growing lambs.
There is a need to involve the senate in the peace and reconciliation efforts between the Philippines and the NDF because in the end, a law will be need to define the relationship of the parties," Drilon stressed.
001) in chemical composition, in vitro DM and NDF digestibility was observed due to fodder species and harvest maturity (Table 2).
Informal peace talks are under way - with Duterte's newly appointed peace negotiators, Silvestre Bello and Jess Dureza who are now holding talks with their NDF counterparts in Manila," said Casambre.
These bodies within the NDF sprang up among many different segments of Syrian society, contrary to the assumption outside Syria that the NDF and other militias were entirely or mainly Alawite.
The deputy director general of NDF said on May 2 that the current administration has not taken any money from the fund.
Assets of the NDF are projected to reach $70 billion in the current Iranian calendar year.
Chou A-ting, vice governor of the CBC, remarked that the move will dampen forex speculation by warding off the effect of fluctuation in NDF on the forex market.
This paper looks at NDF Rupee market more closely, focusing on activity in these markets overtime and reasons for possible growth.
The scheduled NDF was fourth of its kind to be held in Nepal.