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NFA (National Futures Association) Increases Minimum Security Deposits for Forex Transactions

NFA (National Futures Association) Increases Minimum Security Deposits for Forex Transactions
Friday, January 23, 2015

National Futures Association (NFA)’s Executive Committee has temporarily increased the minimum security deposits required to be collected and maintained by Forex Dealer Members (FDMs) for foreign exchange transactions involving the Swiss franc, Swedish krona or Norwegian krone. Effective until further notice, FDMs must collect and maintain a minimum security deposit of five percent of the notional value of transactions in the Swiss franc, and three percent of the notional value of transaction in the Swedish krona or Norwegian krone.

NFA’s notice to members is available here.

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