Market Conventions

The New Zealand Financial Markets Association coordinates documentation of industry accepted conventions that describe standard interbank practices in New Zealand's wholesale over-the-counter financial markets.

NZFMA's market conventions:

• are intended to streamline interbank transactions in New Zealand's wholesale over-the-counter financial markets,
• are not legally binding,
• can be overridden by specifically negotiated terms, and
• do not override specific contractual terms, such as Issuer documentation for specific debt securities and International Swaps and Derivatives Association (ISDA) documentation for certain derivative contracts.

General Conventions:

• "New Zealand Business Day" Guidance (04/25)
• "New Zealand Business Day" - Your questions answered (04/25)
  

Foreign Exchange Conventions:

• FX & FX Currency Options Conventions (05/20)
• FX Forward Rate Roll Date Conventions

Rates Conventions:

• Broker (Interbank) Trade Conventions (09/24)
• Debt Securities Conventions (06/24)
• FRN Pricing Conventions
• Interest Rate Derivative Conventions (12/22)
• Interest Rate Option Conventions (06/19)
• Repurchase Agreement Conventions (05/23) 

Debt Capital Markets Guidelines:

• NZFMA DCM Guidelines (05/24)