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FX and Currency Derivatives Market Practices
FX and Currency Derivatives Market Practices
EMTA, Inc., the trade association for emerging markets (“EMTA”) historically published Market Practice Notes and Guidance to reflect commonly accepted trading conventions and to support efficient, transparent and liquid markets. These publications covered a wide range of products, including non‑deliverable forwards, options and other currency derivatives.
As a result of ISDA’s expanded role in emerging markets FX documentation and related issues, responsibility for future Market Practices Notes and Guidance now sits within ISDA’s working group structure. New and revised Market Practice Notes and Guidance are posted below.
Feedback from ISDA and EMTA members indicate that the following Market Practice Notes also remain particularly relevant to the FX and currency derivatives markets. However, please note that they are posted for convenience and without specific prejudice to any other Market Practice Notes or Guidance published by EMTA, which remain available here.
Free downloads for FX and Currency Derivatives Market Practices (17)
- 2. Recommended NDF Market Practice on Business Day for Valuation Date, dated October 2, 2000. (pdf)
- 3. Recommended NDF Market Practice on Business Day for Settlement Date, dated October 2, 2000. (pdf)
- 4. Recommended NDF Market Practice on Dates Certain for Valuation and Settlement Date, dated October 2, 2000. (pdf)
- 7. Recommended NDF Market Practice on Calculation Agent, dated October 2, 2000. (pdf)
- 8. Recommended NDF Market Practice on applying Business Day Convention to adjust Valuation Date, dated October 2, 2000. (pdf)
- 9. Recommended NDF Market Practice on adjusting the Valuation Date, dated October 2, 2000. (pdf)
- 10. Recommended NDF Market Practice defining an Unscheduled Holiday, dated October 2, 2000. (pdf)
- 11. Recommended NDF Market Practice on the drop-dead date in the event of an Unscheduled Holiday, dated October 2, 2000. (pdf)
- 12. Recommended NDF Market Practice on adjusting the Settlement Date, dated October 2, 2000. (pdf)
- 13. Recommended NDF Market Practice on Expiration Times for Non-deliverable Options, dated October 2, 2000. (pdf)
- 39. Recommended FX and Currency Derivatives Market Practice Clarifying Adjustments To The Settlement Date dated May 17, 2006. (pdf)
- 57. Recommended FX and Currency Derivatives Market Practice on Documenting Cross Currency Transactions dated May 31, 2011. (pdf)
- 58. Recommended FX and Currency Derivatives Market Practice on Determining Cross Currency Settlement Rates dated May 31, 2011. (pdf)
- 59. Recommended FX and Currency Derivatives Market Practice on Settlement Rate Options dated May 31, 2011. (pdf)
- 60. Recommended EMTA FX and Currency Derivatives Market Practice on Deferring, Postponing or Adjusting Valuation Dates dated May 31, 2011. (pdf)
- 62. Recommended FX and Currency Derivatives Market Practice on Relevant Cities for Business Days For Valuation Dates and Settlement Dates dated May 31, 2011. (pdf)
- 76. Recommended FX and Currency Derivatives Market Practice for Semi-Continuous Barrier and Binary Options in Certain Non-Deliverable Currency Pairs updated July 24, 2024. (pdf)