ARTICLE
14 November 2016

NFA Increases Minimum Security Deposit For Forex Transactions Involving British Pound

CW
Cadwalader, Wickersham & Taft LLP

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The NFA notified Forex Dealer Members that the required minimum security deposit for forex transactions involving the British pound under Section 12 of the NFA Financial Requirements will be increased to 5%.
United States Finance and Banking

The NFA notified Forex Dealer Members that the required minimum security deposit for forex transactions involving the British pound under Section 12 of the NFA Financial Requirements will be increased to 5%. The increase is effective immediately. The NFA explained that the increase is related to events concerning Brexit.

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