Saxo offers NDFs for 11 Asian and Latin American currencies that face restrictive capital controls and that are not accessible in the spot market from offshore investors.
NDFs are available for the following currencies:
South Korean Won
|LATIN AMERICAN CURRENCIES|
Peruvian Nuevo Sol
NDFs are traded on an RFQ basis. All execution is phone based with the applicable Saxo Trading Desk.
Prices to institutional clients are negotiable and dependent on volumes.
Contact us to find out more.
Minimum trade size
Minimum trade size is USD 500,000 and a maximum Net Open Position per currency capped at notional USD 5 - 50m.
An initial 8% margin requirement for all currency pairs is stipulated.