Common Contracts
1 similar Master Confirmation Agreement for Non-Deliverable Forward Fx Transactions contracts
PRACTICE NOTES TO THE MASTER CONFIRMATION AGREEMENT FORMaster Confirmation Agreement for Non-Deliverable Forward Fx Transactions • June 1st, 2006
The Master Confirmation Agreement for Non-Deliverable Forward FX Transactions (“Master Confirmation”) is being published by the Foreign Exchange Committee with the support of the Financial Markets Lawyers Group (FMLG) and the NDF Master’s cosponsors, EMTA, Inc. (EMTA) and the Foreign Exchange Joint Standing Committee (FX JSC). The FXC published the Master Agreement Addendum for Non-Deliverable Forwards in April, 2003 (the “2003 Addendum”) to facilitate the electronic confirmation of NDF Transactions under the 1998 FX and Currency Option Definitions published by ISDA, EMTA, and the FXC (the “1998 Definitions”) under the terms of currency-specific NDF Transaction confirmation templates published by EMTA. After publication of the 2003 Addendum, EMTA issued several new currency-specific NDF Transaction confirmation templates. Furthermore, there has been an increasing global demand for a flexible form of master confirmation that permits parties to confirm NDF Transactions through the facili
