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Non-Deliverable Forward
(redirected from NDF)

   Also found in: Medical, Acronyms, Wikipedia 0.01 sec.
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.


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The Iraqi government has been launching a random arrest campaign against the members and leaders of the Iraqi National Movement in different areas in an attempt to create tension on the Iraqi scene," an NDF member, Mohammad al-Jabouri, said in a press conference held at the Baghdad-based Palace of Conferences and attended by Aswat al-Iraq news agency.
net website, Jorge Madlos, spokesperson of NDF-Mindanao, said the anticipated "increased" US involvement in counter-insurgency operations in the Philippines had made it necessary for the NDF to order its forces to directly oppose any presence of US forces in the country.
The government has already freed two jailed rebel leaders that the NDF had named as "consultants" to the peace talks, but refused to drop the criminal charges against them and other rebel leaders who are at large.
 
 
 
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