FX
NDF
A cash-settled FX forward commonly used where physical delivery of a currency is restricted or impractical.
What does it stand for?
Non-Deliverable Forward
What it means
A cash-settled FX forward commonly used where physical delivery of a currency is restricted or impractical.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Acronyms
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.