NDF Market Card

The NDF Market Card is optimized for NDF trading on the EBS Market Central Limit Order Book. The NDF Market Card provides visibility of EBS Best Dealable price and inventory, as well as an indication of market depth.

Note: NDF Market Card functionality mirrors that of the FX Spot Market Card.

The layout of the NDF Market Card is similar to the FX Spot Market Card with the addition of the Tenor display and dropdown list.

The standard tenors supported for a selected instrument can include:

 

1Mth	3Mth	6Mth
12Mth	JAN	FEB
MAR	APR	MAY
JUN	JUL	AUG
SEP	OCT	NOV
DEC

Select NDF Currency Pair and Tenor from separate lists.

The Tenor dropdown displays a list of all available tenors for the pairs.

Fixing Date

The Fixing Date is the date at which the difference between the prevailing spot rate and the agreed-upon exchange rate is calculated. This date needs to be a non-holiday date for the local currency. The fixing date is retrieved from the calendar service. The dates on the basic NDF card display as follows: <Fixing Date> / <Value Date>. If the fixing date occurs on a different month than the value date, then the day date of the fixing date displays, followed by the day date and month of the value-date.