Clearing
- Exchange Traded Derivatives Clearing
- Clearing Members
- Clearing Mechanism
- Clearing Mechanism Developing History
- Clearing Mechanism
- Clearing Process
- Intraday Profit & Loss Trial Balance
- Daily Settlement Price
- Formula for Calculating Final Settlement Prices
- Clearing Margin Accounts
- Position Management
- Safeguard System
- Products exempted and not exempted from liquidation on behalf of a principal in the after-hour session
- Notice for Foreign Currency Denominated Contracts Settlement
- Margining
- Market Information
Clearing
New Taiwan Dollar Non-Deliverable Forward
OTC Derivatives Central Clearing
“TWD Non-Delivery Forward” Contract Specification
The contract specifications of TWD Non-Delivery Forward transactions to be cleared by TAIFEX are as follows:
“TWD Non-Delivery Forward” Contract Specification
| Items | Content |
|---|---|
| Product type | NDF, Non-Delivery Forward |
| Reference Currency | TWD |
| Base Currency | USD |
| Settlement Currency | USD |
| Settlement Rate Option | The USD/TWD exchange rate published by the Taipei Forex Inc. at 11:00 a.m. Taipei time |
| Maximum Residual Term | The period from the submission date to the settlement date of the transaction shall not exceed 2 years |
| Minimum Residual Term | The period from the submission date to the settlement date of the transaction shall be at least 2 business days |
| Relevant City for Business Day for Valuation Date | Taipei |
| Relevant City for Business Day for Settlement Date | New York |
| Valuation Date offset | 2 Taipei business days |
