Non-Deliverable Swap

(redirected from Nds)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

Non-Deliverable Swap

A swap in which the two legs are a major currency and an inconvertible currency. In a non-deliverable swap, the parties net the difference between the exchange rate listed in the swap contract and the spot rate, and one party pays the other that difference. They are usually settled in U.S. dollars. Multinational corporations and countries with minor currencies sometimes use non-deliverable swaps to hedge risk associated with comparatively illiquid currencies.
References in periodicals archive ?
NDS clients reduce their fixed overheads significantly as they leverage the lower costs of offshoring in a unique per-transaction model.
RRD and NDS worked closely on the successful integration and testing of the combined platform.
David Nabozny, NDS VP and General Manager EMEA, said: "We see Russia as an important market now and in the long term.
With their vast experience in securing and enabling content across a wide variety of networks, platforms and devices, NDS was the clear choice for DYH, and we are confident that their end-to-end solutions will play a major role in making our new TV service a success.
Electric~Spin, the creators of the award-winning Golf Launchpad series of golf simulators, is working with NDS to create the Golf Launchpad/XTV Experience.
Abe Peled, Chairman and CEO of NDS Group plc said, "NDS has had a research and development facility in Bangalore for over five years, which has grown to nearly 600 employees.
Dr Abe Peled, NDS President and CEO said, "The acquisition of Jungo positions NDS to better serve the ever-increasing need of pay-TV and telecom network operators to offer reliable video over broadband services.
We needed a partner to take us to the next level and to whom we could entrust our future; we decided that this partner is NDS and we strongly believe that our business will be in 'secure' hands.
In addition to three UK development centers, NDS has manufacturing facilities in Maidenhead, and corporate headquarters in West Drayton.
Synamedia Metro also includes NDS VideoGuard[R], the world's most deployed video content protection system with 66.
Get is planning to launch its new service using NDS technology before the winter holiday season, which will include the introduction of new set-top boxes (STB) and the deployment of new smart cards to the company's cable TV subscribers.
NDS strengthens its position in Eastern Europe with second conditional access and middleware contract in the fast growing Romanian market.