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 ?
Interactive Data and NDF have been partners in a re-distribution relationship in Japan for more than 14 years, providing financial institutions with global end-of-day securities pricing, evaluations and reference data for clients' mission-critical investment operations, including portfolio valuation and accounting.
During the opening session of the second round of talks here, Presidential Adviser on the Peace Process Jesus Dureza said they understand fully the concerns raised by the NDF panel over the continued detention of their members and activists.
Following the destruction of the Islamist rebel headquarters, the Syrian soldiers and the NDF imposed full control over the al-'Arabiya Neighborhood of Jobar after a violent battle with the Faylaq al-Rahman and Jeish al-Islam militants.
Explaining this development, communist founding chairman Sison said in an interview with Standard, "Alexander Padilla wants to dictate surrender terms [of arrested communist leaders who are also NDF peace consultants].
NDF comprehensively measures almost total fiber that is the combination of cellulose hemicellulose lignin which increased the rate of passage of digesta and intestinal bulk (Merten 2009).
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.
In conclusion, feeding growing lambs with TMRs containing 30% NDF, leads to obtain a safer and suitable rumen characteristics, microbial fermentation and growth performance.
The Philippines is very grateful to the Norwegian government for acting as a third-party facilitator of the peace process between the Philippines and the NDF," Drilon told Idun.
The DM and NDF degradability, and CH4 emission was measured using an in vitro gas production system.
According to details head of the NDF, Abid Lashari said that "World Pneumonia Day" was being marked every year on November 12, to raise awareness about this leading killer of the children around the world.
The NDF accepted him as a peace consultant when he was vice-mayor of Davao City, from 2010 to 2013," Rey Casambre, executive director of the Philippine Peace Centre, told Gulf News .