Non-Executive Directors' Association and Non-deliverable forward: Difference between pages

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Corporate governance - board of directors - non-executive directors
(NDF).


(NEDA).  
A foreign currency financial derivative contract.  


The Non-Executive Directors' Association provides training, education, mentoring and advisory services for non-executive directors and the organisations that engage them.
An NDF differs from an outright foreign currency forward contract in that there is no physical settlement of two currencies at maturity. Rather, a net cash settlement is made by one party to the other.


NDFs are commonly used to hedge foreign currency risks in emerging markets where local currencies are not freely convertible, or where there are restrictions on capital movements.


It was established in 2007 and is headquartered in the UK
An NDF market might then develop in an offshore financial centre, with contracts settled in major foreign currencies, such as the US dollar.




== See also ==
== See also ==
* [[Board of directors]]
* [[Contract for differences]]
* [[Corporate governance]]
* [[Foreign exchange forward contract]]
* [[INED]]
* [[Non-Executive Director]]  (NED)
* [[Senior independent director]]
 
 
==External link==
*[https://www.nedaglobal.com/about-us/ Non-Executive Directors' Association - about us]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Revision as of 15:27, 21 August 2013

(NDF).

A foreign currency financial derivative contract.

An NDF differs from an outright foreign currency forward contract in that there is no physical settlement of two currencies at maturity. Rather, a net cash settlement is made by one party to the other.

NDFs are commonly used to hedge foreign currency risks in emerging markets where local currencies are not freely convertible, or where there are restrictions on capital movements.

An NDF market might then develop in an offshore financial centre, with contracts settled in major foreign currencies, such as the US dollar.


See also