Non-deliverable Forwards: Impression Of Foreign Money Internationalisation And Derivatives Reform
As a hedging market, they grew together with the elevated trading of swaps and forwards within the broader global https://www.xcritical.in/ FX market (Moore et al (2016)). The microstructure of NDF trading is evolving under the global drive of legal and regulatory reforms of derivatives markets. NDFs have started the transition from a decentralised, bilateral microstructure […]