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.

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Nondeliverable Forward Contracts			Recently, a market in nondeliverable forwards (NDFs) has arisen to provide cover for companies trading in renminbi. Betting on a renminbi revaluation by Economic Trends			Noncancellable Health Insurance Noncancellable Insurance Policy noncapital expenditures Noncash Charge Noncash Item noncategorical taking Noncity Delivery Nonclearing Member Noncommercial Trader Noncompete noncompetition clause Noncompetitive Bid Noncompetitive Tender Nonconcurrency nonconforming use Noncontributory Pension Plan Nonconvertible Currency Noncumulative Noncumulative Preferred Stock Noncurrent Asset Noncurrent Liability Noncustodial Parent Nondeductible Contribution Nondeductible Tax Nondeliverable Forward Contracts Nondeliverable Forwards nondisclosure Nondiscretionary Trust Nondiscrimination Rule nondisturbance clause Nondiversifiability of Human Capital Nondiversifiable Risk Nondiversified Management Company Nondurable Goods Nonequity Option Nonessential Function Bond nonfeasance Nonfinancial Asset Nonfinancial Assets Nonfinancial Services Nonforfeiture Clause nonfreehold estates nonhomogeneic Noninsurance Risk Noninsured Plan Noninsured Plans Noninterest-Bearing Note Nonintermediated Debt Market nonjudicial foreclosure Nonlegal Investment Nonmailable Matter			nondecisive nondeclarative memory Nondecreasing function nondeductible Nondeductible contribution Nondeductible Contributions Nondeductible Individual Retirement Account Nondeductible Individual Retirement Account Nondeductible Individual Retirement Accounts Nondeductible Individual Retirement Accounts Nondeductible IRA Nondeductible IRA Nondeductible IRAs Nondeductible IRAs Nondeductible Tax Nondeductible Taxes Nondefense Capital Goods Ex-Aircraft nondeferrable issue demand nondeforming steel nondegenerate amplifier Nondegenerate Figure of Merit nondegenerate plane nondegenerative basic feasible solution nondelay fuse nondeletable message Nondeliverable Forward Nondeliverable Forward Contract Nondeliverable Forward Contracts Nondeliverable Forwards Nondeliverable Swap Nondeliverable Swaps Nondelivery nondemocratic nondenominational Nondenumerable nondenumerable set Nondependent abuse of drugs Nondependent abuse of drugs nondeployable account Nondeployment Mobilization Troop Basis nondepolarizing agent nondepolarizing agents nondepolarizing block nondepolarizing blocking agent nondepolarizing neuromuscular blocking agent Nondeposit Investment Product Nondeposition nondepositional unconformity nondepository financial institution nondescript nondescript nondescriptly nondescriptly nondescriptness nondescriptness nondescripts nondescripts Nondescripts Cricket Club

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Non-Deliverable Forward (redirected from Nondeliverable Forwards)

Non-Deliverable Forward
(redirected from Nondeliverable Forwards)