Non-deliverable forward
Also written NDF · Non-deliverable forward (NDF)
A cash-settled, usually short-term currency forward contract in which the notional amount is never exchanged.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series IRelated terms
← All terms