NDF Risk Management: What Can Go Wrong
Jun 02, 2026•11 min•Season 1Ep. 21
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Episode description
NDFs carry risks standard forwards don't. David Axtell covers delta exposure, EM VaR, stress testing peg breaks, fixing manipulation, CSA structures, operational controls, and governance frameworks. March 2020 included. Part V. Ep 19.
NDF risk management, NDF delta, NDF VaR, emerging market VaR, fixing risk, fixing manipulation, NDF stress test, currency peg break, CNY devaluation risk, INR risk, Turkish lira risk, NDF counterparty credit risk, credit support annex CSA, NDF collateral, NDF clearing risk, NDF operational risk, trade capture FX, confirmation matching, settlement reconciliation, NDF governance, position limits FX, contingency funding plan, March 2020 FX, EM currency crisis
RELATED RESOURCES:
- Book: FX Cash Products — available now through all major bookstores and rondanini.com
- Education platform: learn.rondanini.com — 122+ professional mini manuals plus Python toolkits
- Consultancy: rondanini.net (Luigi Rondanini) · axtellconsulting.net (David Axtell)
- Podcast website: thetradingfloor.rondanini.com
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