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.
NZFMA members are generally expected to adhere to NZFMA's market conventions.

General Conventions:

Foreign Exchange Conventions:

Rates Conventions:

Debt Capital Markets Guidelines:

MoST Content Management V3.0.8886