Non-deliverable forwards (NDFs) are a key part of global foreign exchange markets, especially in economies where local currencies are not freely convertible. For a global bank with a significant presence in the Asia Pacific region, NDFs are important business, which is why HSBC continues to invest into these products, enhancing its offering and capabilities.
HSBC has earned the title of the world’s best FX bank for NDFs in the 2025 Euromoney FX Awards after registering a standout year, with trading activity and market share hitting new records.
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