Emerging markets focus to boost NDFs despite clearing costs
Increased emerging market trade and capital flows will continue to bolster demand for non-deliverable forwards (NDFs), despite rising costs associated with mandatory clearing of the products.
Concerns were raised among the buy side that volumes might thin out, as clients wait to see what the structure of the market looks like under incoming Dodd-Frank rules in the US that would require all NDF trades to clear through a central clearing house. However, dealers say the increasing importance of
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