FX and Currency Derivatives

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June 7, 2010	Argentina Issues New FX Regulations (In Spanish).
May 18, 2010	Venezuela Published New Foreign Exchange Regulation (in Spanish).
August 5, 2009	EMTA publishes its Recommended FX and Currency Derivatives Market Practice No.51 on New Settlement Rate Option for UAH/USD Non-Deliverable Forward FX and Currency Option Transactions for the Ukrainian Hryvnia.
July 21, 2009	EMTA and ISDA publish their fourth joint market practice for swaps and credit derivatives: Recommended EMTA-ISDA Market Practice on Non-Deliverable CLP Camara Interest Rate Swap Transactions dated July 21, 2009.
July 9, 2009	Comunicado Nro. 49516 of the Banco Central de la Republica Argentina declaring July 10, 2009 a bank holiday (in Spanish).
April 1, 2009	Peruvian Legislation to Tax Derivative Transactions Under Consideration (Spanish language version)
March 13, 2009	EMTA and ISDA Publish New Joint Market Practice No. 2 on Non-Deliverable Swap Transactions. Conforming changes also have been made to EMTA ISDA Joint Market Practice No. 1. EMTA Members only may view the newly issued and amended joint Market Practices.
March 4, 2009	EMTA publishes its Recommended FX and Currency Derivatives Market Practice No. 50 on standard terms for NDF and NDO transactions for the Kazakhstan Tenge and the Ukrainian Hryvnia.
December 11, 2008	EMTA publishes Recommended FX and Currency Derivatives Market Practice No. 49 for RUB/USD NDF and NDO Transactions.
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.
April 30, 2008	EMTA and ISDA Symposium: A Primer on Documenting Non-Deliverable Forwards, Options and Swaps. 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.
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.
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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 source definition 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. EMTA Advisory Regarding Venezuela Oil Obligations and Their Related Payments.
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	Fitch Upgrades Dominican Republic Long-Term Foreign Currency Rating to B. 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 IPMA and ISMA Merge to Create International Capital Market Association (ICMA).
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. Click Here for Joint Announcement Click Here for NDF Market Practice 34 Click Here for Amendments to Annex A EMTA's Annual Meeting in New York City to be Held on December 2, 2004. Invitations to be distributed shortly.
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 Announces 2Q 2003 NDF Volumes at US$320 Billion; Credit Derivatives at US$49 Billion. Fiscal Agent Notice that No Collateral Remains for Interest Payments on Argentina’s Par Bonds (Including May 31, 2003 Interest Payment).
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; EM Credit Derivatives Volume at US$23 Billion. Costa Rica Announces Redemption of All Outstanding Series A 6 1/4% Bonds Due 2010.
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 in the Activities & Services, Market Data, CME/EMTA ARS Industry Survey Rate Area. NDF Market Practice for Settlement of Outstanding Argentine 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 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.