Common Contracts

The Master Confirmation Agreement for Non-Deliverable Forward FX Transactions

Master Confirmation Agreement for Non-Deliverable Forward Fx Transactions • March 22nd, 2005

• Contract Type
  Master Confirmation Agreement for Non-Deliverable Forward Fx Transactions
• Filed
  March 22nd, 2005

The cosponsors expect the Master Confirmation will offer market participants adopting it a legal framework for highly efficient confirmation processes for NDF Transactions. The Master Confirmation would allow parties to streamline the content of NDF Transaction confirmations to material economic terms, because it incorporates by reference terms of effective EMTA currency-specific NDF confirmation templates and allows parties to include customized provisions in an Addendum for NDF Transactions in particular Currency Pairs.