Business, Legal & Accounting Glossary
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Non-Deliverable Forward are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.