FX AND CURRENCY DERIVATIVES

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October 10, 2008 Temporary Capital Controls Introduced by Iceland.
September 9, 2008 EMTA and ISDA To Sponsor Joint Symposium on November 18, 2008 in New York City on NDF, NDO and NDS Documentation. CLICK HERE for more information and registration details.
April 30, 2008
EMTA and ISDA Symposium: A Primer on Documenting Non-Deliverable Forwards, Options and Swaps CLICK HERE to View EMTA Materials.
February 25, 2008 EMTA and ISDA To Sponsor Joint Symposium on April 30, 2008 in London on NDF, NDO and NDS Documentation. CLICK HERE for more information and registration details.
April 13, 2007 EMTA publishes FX and Currency Derivative Market Practice No. 42, recommending the use, effective April 20, 2007, of standardized terms to document non-deliverable currency option transactions. Members may CLICK HERE to view Market Practice No. 42 and may CLICK HERE to view the User’s Guide to Documenting Non-Deliverable Currency Option Transactions.
March 2, 2007 The Bank Of Thailand Issues Measures to Prevent Thai Baht Speculation.
December 19, 2006 The Bank of Thailand Imposes Reserve Requirements on Short-Term Capital Inflows.

The Bank of Thailand Regulation on Short Term Capital Inflows (in Thai).

October 25, 2006 EMTA, ISDA and FXC update Annex A to the FX and Currency Option Definitions with an updated rate definition source for the Indian Rupee and a new rate source definition for the Philippine Peso. CLICK HERE for the Annex A updates. EMTA, SFEMC and the FXC issue updated PHP Template Terms for Non-Deliverable FX Transactions. CLICK HERE for the updated Template Terms. EMTA issues FX and Currency Derivative Market Practice No. 41 in connection therewith. CLICK HERE for EMTA’s Market Practice No. 41.
July 10, 2006

EMTA Issues New Market Practice Recommending Standard Terms for Chilean Peso, Colombian Peso and Peruvian Sol Non-Deliverable FX Transactions. Click Here for FX and Currency Derivative Market Practice No. 40.

May 17, 2006 EMTA Issues FX and Currency Derivative Market Practice No. 39 Clarifying Adjustments to the Settlement Date for Non-Deliverable FX Transactions
May 5, 2006 Updates Made to the 2005 Barrier Option Supplement.
April 3, 2006 EMTA Issues FX and Currency Derivatives Market Practice No. 38 On Updating the Korean Won Rate Source Definition
March 6, 2006 EMTA Issues FX and Currency Derivatives Market Practice No. 37 On Updating the Chinese Renminbi Rate Source Definition
January 4, 2006 People's Bank of China Makes Further Changes to its Forex System.
December 6, 2005 New Barrier Option Supplement to the 1998 FX and Currency Option Definitions Published.
July 21, 2005 Statement from the People's Bank of China on Reforming the RMB Exchange Rate Regime.

Malaysia Adopts Managed Float for Ringgit.

July 1, 2005 EMTA, SFEMC and FXC Jointly Announce Template Terms for MYR/USD Non-Deliverable FX Documentation.  
  • Click Here for SFEMC/EMTA/FXC Joint Announcement
  • Click Here for EMTA NDF Market Practice 36
  • Click Here for MYR Template Terms
  • Click Here for Amendments to Annex A
  • Click Here for SFEMC Indicative Survey Methodology
  • Click Here for Addendum to 2004 Asian Currency Non-Deliverable FX Documentation dated July 15, 2005
May 20, 2005

New and Amended Russian Ruble Rate Source Definitions Announced by EMTA, ISDA and the FXC.

May 3, 2005 EMTA publishes standard terms (and related documentation) for Russian Ruble/U.S. Dollar non-deliverable foreign exchange transactions, and in conjunction with the Chicago Mercantile Exchange updates the methodology for the daily CME EMTA Reference Rate.
  • Click Here for NDF Market Practice 35
  • Click Here for the RUB/USD Template Terms for Non-Deliverable FX Transactions
  • Click Here for updated CME/EMTA Reference Rate Methodology
  • Click Here for EMTA RUB Indicative Survey Rate Methodology
December 30, 2004 Turkish Lira Definition Amended.
December 7, 2004 The Operations Committees of the FXC and the FEJSC Issue Joint Statement Regarding the January 1, 2005 Turkish Lira Conversion.
November 8, 2004

FXC Releases 2004 Version of Non-Dealer Recommendations.

November 1, 2004 EMTA, SFEMC and FXC Jointly Announce Amended Asian Currency NDF Documentation. EMTA Publishes NDF Market Practice No. 34 For Amended Asian Currency Template Terms. EMTA, the FXC and ISDA Announce Amendments to Annex A of the 1998 FX and Currency Option Definitions.
May 12, 2004 EMTA Announces 2003 Annual Emerging Markets Credit Derivatives Stood at US$197 Billion.
April 16, 2004 English Translation of the Law on the Official Currency of the Republic of Turkey (effective 01/01/05).
April 14, 2004 EMTA Announces 2003 Annual Emerging Markets NDF Trading Stood at US$1.021 Trillion.
February 18, 2004 EMTA Announces NDF Market Practice 33, Publishes BRL Revised Template Terms for BRL Non-Deliverable FX Transactions, Amended BRL Settlement Rate Options for Annex A, New BRL Industry Survey Rate Methodology and New BRL Indicative Survey Rate Methodology.
January 15, 2004

Korean Government Authorities Announce Restrictions Limiting USD Positions By Local Financial Institutions To 110% of Jan. 4 Levels In an Effort To Curb Speculative Activity in the Korean Won. Some Impact on KRW/USD NDF Market Predicted.

December 2, 2003 Amendment to Korean Won Rate Source Definitions Published by EMTA, ISDA and the FXC.
November 21, 2003 Quarterly NDF and EM Credit Derivatives Surveys Suspended Pending Further Development.
October 15, 2003 The Central Bank of Thailand Imposes Further Capital Controls on the Thai Baht.
September 15, 2003 Effective September 12, 2003 The Bank of Thailand Imposes Capital Controls in Respect of the Thai Baht.
August 18, 2003 EMTA 2Q 2003 NDF Volumes at US$320 Billion; Credit Derivatives at US$49 Billion.
June 23, 2003 EMTA publishes its NDF Market Practice No. 32 extending the "Drop-dead Date" from 8 to 30 days for Non-Deliverable FX and Currency Option Transactions in Various Latin American Currencies. Members Only can view this NDF Market Practice by Clicking Here.
May 21, 2003 EMTA Issues New NDF Market Practice for VEB/USD Non-Deliverable FX and Currency Option Transactions.
May 14, 2003 EMTA Announces 1Q 2003 Debt Trading Volume Stood at US$839 Billion; NDF Volume at US$174 Billion; Credit Derivatives Volume at US$23 Billion.
May 1, 2003 EMTA, with the Assistance of the Participating Banks, Successfully Launched its Automated Version of the ARS Industry Survey on April 23, 2003. Click Here for Daily and Historical Survey Results and Reference Bank Quotes.
March 21, 2003 EMTA Issues New NDF Market Practice for Chilean Peso/U.S. Dollar Non-Deliverable FX and Currency Option Transactions.
March 3, 2003 Amendment to Annex A Taiwanese Dollar Rate Source Definition.
February 6, 2003

The Gaceta Oficial de la Republica Bolivariana de Venezuela Dated February 5, 2003 Publishes New Regulations Establishing a New Foreign Exchange Regime in Venezuela Centralizing the Buying and Selling of Foreign Exchange with the Banco Central de Venezuela, Fixing an Official VEB/USD Exchange Rate and Establishing a New Administration (CADIVI) to Administer the New Regime and to Issue Implementing Regulations.

January 28, 2003 EMTA Issues New VEB NDF Market Practice.
December 20, 2002 Amendments to Annex A Argentine Peso Settlement Rate Options; Adoption of revised EMTA Template Terms for ARS Non-Deliverable FX Transactions; Revision of EMTA ARS Industry Survey Methodology; and Adoption of a new EMTA ARS Indicative Survey Rate Methodology.
April 23, 2002 New ARS Market Practice and Template Terms for a 30-Day Deferral Period.
February 11, 2002

NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here.

January 11, 2002

CME/EMTA ARS Industry Survey Rate is Available for Members Only in the Activities & Services, Market Data, CME/EMTA ARS Industry Survey Rate Area.

NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here

January 9, 2002

NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here.

January 2, 2002 NDF Market Practice for Deferral of Valuation Dates.
December 31, 2001 New NDF Market Practice for Deferral of December 21, 2001 Valuation Date to January 2, 2002.
December 21, 2001 Unscheduled Holiday Declared by Argentina - Members Only can View NDF Market Practices Relating to this Event by Clicking Here.
October 31, 2001

The revised EMTA Template Terms for TWD/USD NDFs, and the related NDF Market Practice, dated and effective November 1, 2001 are available to Members only in Standard Documentation, FX/Derivatives Documentation Index and NDF Market Practices, respectively.

October 29, 2001

Hong Kong MPC Supports EMTA NDF Template Terms.

September 14, 2001

SFEMC Statement Re: 9/12 TWD Fixing Rates.

July 10, 2001

EMTA, ISDA and FX Committee announce new and amended Argentine Peso rate source definitions in Annex A to the 1998 FX and Currency Option Definitions.

Argentine Peso NDF Market Practice, Template Terms and ARS Methodology are now final and effective.

June 20, 2001

EMTA, ISDA and FX Committee announce amendments to Korean Won rate source definitions in Annex A to the 1998 FX and Currency Option Definitions.

April 27, 2001

Drafts of the ARS NDF Template Terms and CME/EMTA ARS Methodology Summary are now available. (The procedures for requesting the ARS Methodology and conducting the ARS Industry Survey are also provisionally in place.)  Members only may access these documents in Standard Documentation, FX/Derivatives Index. 

February 6, 2001

EMTA Endorses FX Committee press release on Indonesian Rupiah.

February 5, 2001

EMTA Template Terms for CNY/, INR/, KRW/, PHP/ and TWD/USD NDFs, and related NDF Market Practices, are dated and effective as of today.  Asia Reference Dealer "Reference" List also available.

October 23, 2000

Market Practice and New EMTA Template Terms for Brazilian Real NDFs.

October 2, 2000

Recommended NDF Market Practices and User's Guide now available.

September 22, 2000

Revised Annex A to the 1998 FX and Currency Option Definitions.

May 26, 2000

EMTA Announces Current & Historical CME/EMTA Ruble Rates Now Available on the EMTA Website.

May 11, 2000

First Drafts of EMTA Template Terms for Asia-Specific NDF Transactions.
Final Template Terms are available by Clicking Here.

March 14, 2000

EMTA, ISDA and FX Committee Announce Addition of New Brazilian Real Rate Source Definition.

February 8, 2000

EMTA TEMPLATE TERMS for BRL Non-Deliverable FX Transactions.

 

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