FX and Currency Derivatives Current Templates FX and Currency Derivatives Current Templates
FX and Currency Derivatives Current Templates

EMTA CURRENT RECOMMENDED TEMPLATE TERMS 

The EMTA Template Terms for Non-Deliverable FX Forward Transactions, Non-Deliverable Currency Option Transactions and Non-Deliverable Cross Currency Transactions for various currency pairs are set forth below. These Template Terms, in each case, are the terms currently recommended by EMTA for forwards, options and cross currency transactions for each such currency pair. Please note that the Template Terms are not intended to be a substitute for a confirmation, but are intended to reflect market consensus on material non-trade terms that may be incorporated into a trade confirmation, unless otherwise agreed by the parties. Market participants are welcome to incorporate the Template Terms for any currency pair into their trade confirmations or may agree on different terms.

In addition, Annex A to the 1998 FX and Currency Option Definitions prepared by EMTA, Inc., ISDA, Inc and The Foreign Exchange Committee, and the Compendium thereto, are set forth below. Annex A represents the full and official set of rate source and other definitions. The Compendium to Annex has been prepared solely for the convenience of the market and is updated from time to time to include recent amendments to Annex A. Annex A and the official publications by EMTA, ISDA and the FXC of any amendments remain the definitive publications for these various terms. Annex A and the Compendium thereto may also be found on the websites of the co-sponsors, ISDA, Inc. and the Foreign Exchange Committee.

EMTA disclaims liability for any use made of any of  the Template Terms by any market participant, and no representation or warranty, express or implied, is made concerning the terms, their enforceability or suitability for use in connection with any particular transaction. Market participants are advised to consult their own legal and other experts and to make their own determinations regarding these matters.

Documentation hosted on this page may be subject to copyright restrictions. EMTA has made this documentation available solely for use by market participants in connection with the documentation of trade transactions, and all other uses are expressly prohibited. In particular, the re-distribution, re-publication or any other commercial use by market counterparties or other institutions or individuals is prohibited without the prior written permission of EMTA, Inc.

Other FX-related documentation is found on the EMTA website, but may be reserved for access by EMTA Members using their website log-in credentials. Non-members wishing copies of this documentation (a fee may apply) are welcome to CONTACT US

EMTA Members are also encouraged to view the EMTA FX and Currency Derivatives Market Practices for the text of the specific EMTA market practice recommendation that accompanied the publication of each set of Template Terms. 

The Template Terms that are available within the categories of non-deliverable forwards, currency options and cross currency transactions are listed below, alphabetically by currency code.

CURRENT RECOMMENDED EMTA TEMPLATE TERMS FOR NON-DELIVERABLE FORWARD FX TRANSACTIONS

EMTA Template Terms for ARS/USD Non-Deliverable FX Transactions Dated June 30, 2014 

EMTA Template Terms for BRL/USD Non-Deliverable FX Transactions Dated May 17, 2006 

EMTA Template Terms for CLP/USD Non-Deliverable FX Transactions Effective August 1, 2006 

SFEMC/EMTA/FXC Template Terms for CNY/USD Non-Deliverable FX Transaction Dated May 17, 2006 

EMTA Template Terms for COP/USD Non-Deliverable FX Transactions Effective August 1, 2006 

EMTA Template Terms for EGP/USD Non-Deliverable FX Transactions Effective May 24, 2010 

EMTA Template Terms for GHS/USD Non-Deliverable FX Transactions Effective July 21, 2014 

SFEMC/EMTA/FXC Template Terms for IDR/USD Non-Deliverable FX Transaction Dated March 28, 2014  

SFEMC/EMTA/FXC Template Terms for INR/USD Non-Deliverable FX Transaction Dated May 17, 2006 

EMTA Template Terms for KES/USD Non-Deliverable FX Transactions Effective July 21, 2014 

SFEMC/EMTA/FXC Template Terms for KRW/USD Non-Deliverable FX Transaction Dated May 17, 2006 

EMTA Template Terms for KZT/USD Non-Deliverable FX Transactions Dated March 16, 2009 

SFEMC/EMTA/FXC Template Terms for MYR/USD Non-Deliverable FX Transaction Effective August 6, 2013 

EMTA Template Terms for NGN/USD Non-Deliverable FX Transactions Effective December 27, 2010 

EMTA Template Terms for PEN/USD Non-Deliverable FX Transactions Effective December 3, 2007 

SFEMC/EMTA/FXC Template Terms for PHP/USD Non-Deliverable FX Transactions Effective October 25, 2006 

EMTA Template Terms for RUB/USD Non-Deliverable FX Transactions Dated May 17, 2006 

SFEMC/EMTA/FXC Template Terms for TWD/USD Non-Deliverable FX Transaction Dated May 17, 2006 

EMTA Template Terms for UAH/USD Non-Deliverable FX Transactions Dated August 19, 2009 

EMTA Template Terms for ZMW/USD Non-Deliverable FX Transactions Effective July 21, 2014
 

CURRENT RECOMMENDED EMTA TEMPLATE TERMS FOR NON-DELIVERABLE CURRENCY OPTION TRANSACTIONS  

EMTA Template Terms for ARS/USD Non-Deliverable Currency Option Transactions Dated June 30, 2014 

EMTA Template Terms for BRL/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for CLP/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for CNY/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for COP/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for EGP/USD Non-Deliverable Currency Option Transactions Dated May 24, 2010 

EMTA Template Terms for GHS/USD Non-Deliverable Currency Option Transactions Dated July 21, 2014 

EMTA Template Terms for IDR/USD Non-Deliverable Currency Option Transactions Dated March 28, 2014 

EMTA Template Terms for INR/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for KES/USD Non-Deliverable Currency Option Transactions Dated July 21, 2014 

EMTA Template Terms for KRW/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008  

EMTA Template Terms for KZT/USD Non-Deliverable Currency Option Transactions Dated March 16, 2009 

EMTA Template Terms for MYR/USD Non-Deliverable Currency Option Transactions Effective August 6, 2013 

EMTA Template Terms for NGN/USD Non-Deliverable Currency Option Transactions Dated December 27, 2010 

EMTA Template Terms for PEN/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for PHP/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for RUB/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008  

EMTA Template Terms for TWD/USD Non-Deliverable Currency Option Transactions Dated July 1, 2008 

EMTA Template Terms for UAH/USD Non-Deliverable Currency Option Transactions Dated August 19, 2009 

EMTA Template Terms for ZMW/USD Non-Deliverable Currency Option Transactions Dated July 21, 2014
 

CURRENT RECOMMENDED EMTA TEMPLATE TERMS FOR NON-DELIVERABLE CROSS CURRENCY TRANSACTIONS

Cross Currency Forwards

EMTA Template Terms for BRL/EUR Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for CLP/EUR Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for CNY/EUR Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for COP/EUR Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for INR/EUR Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for INR/GBP Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

EMTA Template Terms for KRW/JPY Non-Deliverable Cross Currency FX Transactions Dated May 31, 2011 

Cross Currency Currency Options
EMTA Template Terms for RUB/EUR Non-Deliverable Cross Currency Currency Option Transactions Dated May 31, 2011   


STANDARD DEFINITIONS
 

Compendium of Amendments to Annex A to the 1998 FX and Currency Option Definitions Updated as of September 14, 2015 

Non-Deliverable Cross Currency FX Transactions Supplement to the 1998 Definitions Dated May 31, 2011 

Revised Annex A to the 1998 FX and Currency Option Definitions Dated September 25, 2000  

EMTA Guidance Note on Settlement Rate Formula Options