non-deliverable forward Definition

non-deliverable forward

Definition

A cash-settled forward contract on a non-convertible or thinly traded foreign currency. The contract is settled in the investor's currency based on an agreed-upon posted exchange rate.

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Nearby Terms

non-convertible currency
non-cumulative preferred
noncurrent asset
noncurrent liabilities
nondeductible contribution
non-deliverable forward
nondepository credit institution
nondepository financial institution
non-disclosure agreement
nondiscretionary trust
nondiversifiable risk

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