On March 20, National Futures Association (NFA) issued Notice to Members I-20-14, which announced the NFA Executive Committee’s decision to increase the minimum security deposits under NFA Financial Requirements Section 12 due to increased volatility in the currency markets and the margin increases that CME and ICE implemented for foreign currency futures involving the Norwegian Krone and Mexican Peso. Minimum security deposits required to be collected and maintained by forex dealer members have been increased to the following:
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security deposits
Changes in Required Minimum Security Deposits for Forex Transactions
Posted in CFTC
On November 28, National Futures Association changed the minimum security deposits required to be collected for certain forex transactions in response to margin changes that CME and ICE recently implemented. For foreign currency futures involving the Mexican peso, Japanese yen and New Zealand dollar, forex dealer members must collect and maintain the following increased minimum security deposits:
- Mexican peso – 8%
- Japanese yen – 4%
- New Zealand dollar – 3%
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