INR NDF accounts for about a third of EBS’s current total NDF volumes
Icap’s foreign exchange
business EBS has launched the first electronic
over-the-counter, end of month (EOM) non-deliverable forward
(NDF) contract following a successful two week pilot.
The new Indian rupee (INR) product is a
fixed date contract which replicates the structure of a future
and aligns with INR futures dates, said EBS.
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