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Non-Deliverable Swap |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | NDS Group plc (NASDAQ/EASDAQ: NNDS), a News Corporation Company (NYSE: NWS) and a producer of software systems for TV and PC communications has demonstrated its premier data broadcasting solution. Highlights: * MYtv([R]) has chosen NDS professional services and technologies for its hybrid satellite DTH pay-TV platform launching in late 2009 * The first integrated Digital Video Recorder (DVR) service in CIS will use NDS XTV([TM]) and an electronic programme guide (EPG) developed by NDS * MYtv to use MediaHighway([R]) set-top box (STB) software and VideoGuard([TM]) conditional access. Highlights: * Sanchez Ramos spearheads NDS' business development activities in Latin America * Appointment reaffirms NDS' commitment to locating NDS sites nearer to prospective and existing customers SAO PAOLO -- NDS, the leading provider of technology solutions for digital pay-TV, has appointed Ezio Sanchez Ramos as NDS Sales Director for Latin America. |
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