non-deliverable forward
A contract with a future delivery date at which it will be Cash settled based upon the difference observed between the contract rate and the prevailing rate used for reference. Non-deliverable forex forward contracts do not involve the physical exchange of currencies.

Browse by Subjects

Popular Forex Terms

recognised qualification
CCA
BBB rating
financier
Financial Accountant
auditors report
bull correction
unrealised loss
incentive scheme
price to earnings ratio (P/E)