EBS launches end-of-month INR NDF
Contract will replicate futures contracts
EBS Market has launched an end-of-month (EOM) Indian rupee (INR) non-deliverable forward (NDF) contract, which replicates the structure of a futures contract, aligns with INR futures dates and will be traded off-Sef.
The NDF will be a liquid fixed-date contract, targeting clients without access to futures exchanges for hedging and executing orders. EBS will offer two fixed-date EOM contracts at any one time, with settlement dates set for the last business day of the month and the following month
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