Non-Deliverable Forward (NDF) Which means that, Development, and Currencies
What Is a Non-Deliverable Forward (NDF)? A non-deliverable forward (NDF) is a cash-settled, and usually short-term, forward contract. The notional amount is never exchanged, hence the name “non-deliverable.” Two parties agree to take opposite sides of a transaction for a set amount of money—at a contracted rate, in the case of a currency NDF. This means that counterparties