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.
References in periodicals archive ?
NDS is themost significant acquisition for Ciscosince it bought videoconferencing leaderTandberg in 2009.
At IBC this year, following the product's launch in March, NDS will demonstrate a number of apps - developed independently - that showcase a sample of the functionality possible with the NDS SDP.
The consolidation of cable networks in the Sichuan province enables immediate operational efficiency for SCTV, with NDS supporting the introduction of a unified infrastructure for SCTV--through which SCTV is now able to flexibly deploy interactive services, content and features at the province, county or city level while ensuring a consistent experience.
During my most recent unembedded trip into Afghanistan, Saleh granted me access to the NDS Kabul detention facility.
The NDS MediaStorm demonstrations at NAB will consist of:
And cross-platform capability gives CNN Interactive the option of mixing different server environments in the same NDS structure for suitability to task.
"The message is clear: NDS is finding a prominent place at the heart of the Internet," said Dr.
NDS plans to establish an initial patient base of 100,000 subscribers and will assume full clinical and financial responsibility for outpatient radiology for these subscribers at a fixed cost.
The National Directorate of Security (NDS) personnel launched an operation in Chaparhar district, Nangarhar province, killing four Daesh (IS group) fighters," country's Presidential Information Coordination Center said in a statement.
Ted Cruz (R-Texas), member of the Senate Armed Services Committee, today questioned Secretary of the Army Mark Esper and General Mark Milley, Chief of Staff of the Army regarding the Armys FY2019 budget submission given the accelerated modernization of Russia and Chinas militaries and the modernization efforts of the United States military as outlined in the National Defense Strategy NDS .
The al-Qaeda's top commander for Afghanistan Omar Khetab a.k.a Omar Mansour and 80 other members of the network were killed during operations jointly conducted by personnel of National Directorate of Security (NDS), Afghan army and NATO-led Resolute Support Forces in the Ghazni, Zabul and Paktiya provinces, the NDS said in a statement.
After the June 30 deadline, about P184.3 billion worth of the New Design Series (NDS) bills that first went into circulation in 1985 has been completely demonetized.