ANKARA, Nov 13 (Reuters) - Turkey's central bank will start offering non-deliverable forward (NDF) contracts to help companies hedge against foreign exchange risk without eating into official reserves ...

The draft directions outline conditions for forward contracts and derivative transactions involving INR. Clear limits and compliance requirements apply to FIIs, NRIs, and Authorised ...

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

A type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. By buying or selling forward exchange ...

Whether an experienced international traveler or a first-timer, managing spending while traveling abroad can be challenging. A foreign transaction fee, typically 1% to 3%, is charged to bank ...

Cross-border payments can be slow, expensive, and risky. In today’s world of payments, counterparties in different jurisdictions rely on costly trusted relationships to offset the lack of a common ...

Large custodian banks, Bank of New York Mellon and State Street are still facing lawsuits against alleged mishandling of foreign-exchange transactions for pension funds. The claims centre on ...

The CBN completed a forensic audit into undelivered forward contracts and announced plans to pursue civil, administrative, or criminal sanctions against violators of foreign exchange rules The audit, ...

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