National Futures Association (NFA) Increases Minimum Security Deposits for Forex Transactions
Friday, January 30, 2015

The Executive Committee of the National Futures Association (NFA) has temporarily increased the minimum security deposits required to be collected and maintained by forex dealer members (FDMs) for foreign exchange transactions involving the Japanese yen, Australian dollar, Russian ruble, Brazilian real and Mexican peso. Effective until further notice, FDMs must collect and maintain a minimum security deposit of three percent of the notional value of transactions in the Japanese yen and Australian dollar, twenty percent of the notional value of transactions in the Russian ruble, nine percent of the notional value of transactions in the Brazilian real and six percent of the notional value of transactions in the Mexican peso.

NFA’s notice to members is available here.

 

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