Emerging markets focus to boost NDFs despite clearing costs
Growth of non-deliverable forwards market will not be hit by impending clearing laws
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 have been 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, requiring all NDF trades to clear through a central clearing house. However, dealers say the increasing importance of
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