FXC releases the results of its 40th Survey of North American Foreign Exchange Volume

FXC to release April 2024 North American FX Volume Survey Results on July 22

FXC releases the results of its 39th Survey of North American Foreign Exchange Volume

FXC to release October 2023 North American FX Volume Survey Results on February 5

FXC releases the results of its 38th Survey of North American Foreign Exchange Volume

FXC to release April 2023 North American FX Volume Survey Results on July 31

FXC releases the results of its 37th Survey of North American Foreign Exchange Volume

FXC releases the results of its 36th Survey of North American Foreign Exchange Volume

Lorie K. Logan and Anna Nordstrom of the New York Fed’s Markets Group call for broad adoption of the FX Global Code

FXC releases the results of its 35th Survey of North American Foreign Exchange Volume

FXC releases the results of its 34th Survey of North American Foreign Exchange Volume

FXC releases the results of its 33rd Survey of North American Foreign Exchange Volume

FXC releases the results of its 32nd Survey of North American Foreign Exchange Volume

FXC releases the results of its 31st Survey of North American Foreign Exchange Volume

FXC releases the results of its 30th Survey of North American Foreign Exchange Volume

FXC releases the results of its 29th Survey of North American Foreign Exchange Volume

FXC releases the results of its 28th Survey of North American Foreign Exchange Volume

FXC publishes an updated letter addressed to market participants regarding the practice of issuing authorization letters

FXC releases the results of its 27th Survey of North American Foreign Exchange Volume

FXC releases the results of its 26th Survey of North American Foreign Exchange Volume

The central bank-sponsored FXCs welcome the support and publication of the FX Global Code

FXC releases the results of its 25th Survey of North American Foreign Exchange Volume

FXC releases the results of its 24th Survey of North American Foreign Exchange Volume

The eight foreign exchange committees welcome and support the publication of the first phase of the FX Global Code.

FXC releases the results of its 23rd Survey of North American Foreign Exchange Volume

FXC releases the results of its 22nd Survey of North American Foreign Exchange Volume

FSB Chair requests assistance from FXC in monitoring progress on implementation of FSB FXBG recommendations

The eight foreign exchange committees release the "Global Preamble: Codes of best market practice and shared global principles"

• Global Preamble

FXC releases the results of its 21st Survey of North American Foreign Exchange Volume

Joint Statement on Financial Stability Board's Foreign Exchange Benchmarks Report

FXC and FMLG issue Illustrative Implementation Steps and Best Practices for Intermediated FX Prime Brokerage arrangements

FXC releases the results of its 20th Survey of North American Foreign Exchange Volume

Updates to Annex A to reflect Indonesian rupiah benchmark changes

• Revisions to Annex A 1998 FX and Currency Options Definitions
• Revisions to Template Terms
• SFEMC IDR Indicative Survey Rate Methodology (later updated March 28, 2014)

FXC releases the results of its 19th Survey of North American Foreign Exchange Volume

FXC and FMLG issue market practice around designation of covered PB counterparties under PB Protocol

Updates to Annex A to reflect Asian benchmark changes for the Indonesian rupiah, Malaysian ringgit, Singapore dollar, Thai baht, and the Vietnamese dong

• Revisions to Annex A 1998 FX and Currency Option Definitions
• Revisions to Template Terms
• SFEMC IDR Indicative Survey Rate Methodology (later updated March 28, 2014)
• SFEMC MYR Indicative Survey Rate Methodology (later updated July 18, 2016)

FXC releases the results of it 18th Survey of North American Foreign Exchange Volume

FXC issues updated Management of Operational Risk in Foreign Exchange

Foreign Exchange Committee co-publishes Codes of Best Market Practice and Shared Global Principles

FXC and FMLG issue market practice regarding Swap Trading Relationship for Foreign Exchange

FXC and FMLG issue market practice regarding form of Prime Broker Notice to Executing Dealer under PB Protocol

ISDA offers Derivatives/FX Prime Brokerage Business Conduct Allocation Protocol. The Protocol Annex, developed with the FXC and FMLG, provides for the allocation of business conduct responsibilities in prime brokerage arrangements as permitted by CFTC No-Action Letter No. 13-11.

• CFTC No-Action Letter No. 13-11

The FXC held an all-day forum on the Dodd-Frank Act and the Foreign Exchange Market. Materials are available on the Meetings page.

New Egyptian Pound Amendment to Annex A to the 1998 Foreign Exchange and Currency Option Definitions Announced by EMTA, ISDA, and the FXC

• Amendment to Annex A: Egyptian Pound

FXC/FMLG issue market practice for trade reporting of prime brokerage trades

FXC releases the results of its 17th Survey of North American Foreign Exchange Volume

FXC releases the results of its 16th Survey of North American Foreign Exchange Volume

New Ghanaian Cedi Amendment to Annex A to the 1998 Foreign Exchange and Currency Option Definitions Announced by EMTA, ISDA, and the FXC

• Amendment to Annex A: Ghanaian Cedi
• Compendium of Amendments to Annex A

FXC releases the results of its 15th Survey of North American Foreign Exchange Volume

New Brazilian Real PTAX Amendment Announced by EMTA, ISDA and the FXC

• Amendments to Annex A: Brazilian Real
• Compendium of Amendments to Annex A

FXC releases the results of its 14th Survey of North American Foreign Exchange Volume

EMTA Releases User's Guide to Documenting Non-Deliverable Cross Currency FX and Currency Option Transactions

• Supplement to the 1998 FX and Currency Option Definitions
• Amendments to Annex A to the FX and Currency Option Definitions

ISDA Publishes Volatility Swap Template

New African Currency Amendment to Annex A to the 1998 Foreign Exchange and Currency Option Definitions Announced by EMTA, ISDA and the FXC

• Amendment

Life-Cycle Event Processing - Simple Exotic Options: Market Impact and Best-Practice Recommendation for Processing Barrier Events

FXC releases the results of its 13th Survey of North American Foreign Exchange Volume

New Nigerian Naira Currency and Rate Source Definitions Announced by EMTA, ISDA and FXC

• Amendments to Annex A: Nigerian Naira

FXC submits comments to Treasury Department on Determination of Foreign Exchange Swaps and Forwards

• Attachment C

FXC releases updated Guidance and Associated Publications

• Tools for Mitigating Credit Risk in Foreign Exchange
• Letter on Best Practice Guidance of Payment-versus-Payment Settlement Services
• Updated Guidelines for Foreign Exchange Trading Activities
• Updated Management of Operational Risk in Foreign Exchange

FXC releases revised guidelines on foreign exchange trading

• Guidelines for Foreign Exchange Trading Activites

FXC releases 2009 Annual Report

FXC releases the results of its 12th Survey of North American Foreign Exchange Volume

FXC releases the results of its 11th Survey of North American Foreign Exchange Volume

FX Prime Brokerage Reverse Give-Up Relationships: An Overview

FXC releases paper on the OTC foreign exchange market

• FXC paper

FXC releases 2008 Annual Report

FXC releases the results of its tenth Survey of North American Foreign Exchange Volume

Comments on FINRA's proposed rule to establish a leverage limitation for retail FX

FXC releases the results of its ninth Survey of North American Foreign Exchange Volume

FXC releases the results of its eighth Survey of North American Foreign Exchange Volume

FXC Press Release regarding new Pakistani Rupee and Vietnamese Dong rate source definitions published by the FXC, EMTA and ISDA, effective June 25, 2008

• New Pakistani Rupee and Vietnamese Dong rate source definitions published by the FXC, EMTA and ISDA, effective June 25, 2008
• Second Addendum to 2004 Asian Currency Non-Deliverable FX Documentation: PKR/USD Non-Deliverable FX Documentation and VND/USD Non-Deliverable FX Documentation, effective July 14, 2008

The FXC Announces the Release of 2008 Version of Guidelines for Foreign Exchange Trading Activities

• Updated Version of the Guidelines for Foreign Exchange Trading Activities

FXC, EMTA, and FX JSC issue Practice Notes to the Multilateral Master Confirmation Agreement for Non-Deliverable Forward FX Transactions

FXC releases the results of its seventh Survey of North American Foreign Exchange Volume

ISDA, EMTA and FXC announce the addition of a new rate source definition for the Peruvian Sol (November 2007)

FXC, EMTA, and FX JSC issue Multilateral Master Confirmation Agreement for Non-Deliverable Forward FX Transactions

• Multilateral NDF Master Confirmation Agreement

FXC releases the results of its sixth Survey of North American Foreign Exchange Volume

FXC releases the results of its fifth Survey of North American Foreign Exchange Volume

FXC, EMTA and ISDA announce publication of a new compendium of amendments to Annex A of the 1998 FX and Currency Option Definitions, effective January 12th (January 2007)

FXC, EMTA and FX JSC issue Master Confirmation Agreement for Non-Deliverable Forward FX Transactions (December 2006)

• NDF Master Confirmation Agreement
• User's Guide to NDF Master Confirmation Agreement
• Addendum to NDF Master Confirmation Agreement

FXC releases amendment to section 1.2 of IFXCO Master Agreements

• Amendment
• Explanatory Note

FXC, SFEMC and EMTA issue updated User’s Guide for the 2004 Asian Currency Non-Deliverable FX Documentation (October 2006)

New and amended Indian Rupee and Philippine Peso rate source definitions published by the FXC, EMTA and ISDA, effective October 25th (October 2006)

(revised August 23) New and amended Chilean Peso, Colombian Peso, and Peruvian Sol rate source definitions published by the FXC, EMTA, and ISDA, effective August 1st (August 2006)

FXC releases the results of its fourth Survey of North American Foreign Exchange Volume

FXC publishes autodealing paper on the market impact and best practice recommendations

• Autodealing: Market Impact and Best Practice Recommendations

The FXC, SFEMC, and EMTA issue clarifying amendment to the definition of Settlement Date in Template Terms for the 2004 Asian Currency Non-Deliverable FX Documentation (May 2006) (superseded)

• Updated User's Guide to 2004 Asian Currency Non-Deliverable FX Documentation
• Updated Addendum to 2004 Asian Currency Non-Deliverable FX Documentation

FXC, EMTA, and ISDA announce the publication of technical revisions to the 2005 Barrier Option Supplement to the 1998 FX and Currency Option Definitions

• Revised Exhibits I and II to the 2005 Barrier Option Supplement to the 1998 FX and Currency Option Definitions

Compendium of Amendments to Annex A of the 1998 FX and Currency Option Definitions (April 2006) (superseded)

Amended Korean won rate source definition published by the FXC, EMTA, and ISDA, effective April 3

Amended Chinese Renminbi rate source definition published by the FXC, EMTA, and ISDA, effective March 6 (March 2006)

FXC releases the results of its third Survey of North American Foreign Exchange Volume

FXC publishes prime brokerage overview and best practice recommendations

• Foreign Exchange Prime Brokerage Product Overview and Best Practice Recommendations

FXC addresses letter to market participants regarding the retail foreign exchange market

FXC, EMTA, and ISDA announce the publication of the new 2005 Barrier Option Supplement to the 1998 FX and Currency Option Definitions

• 2005 Barrier Option Supplement to the 1998 FX and Currency Option Definitions
• Practice Notes to the 2005 Barrier Option Supplement
• Currency Pair Matrix

FXC, ISDA, and EMTA publish Compendium of Amendements to Annex A to the 1998 FX and Currency Option Definitions, effective November 22, 2005

Remarks by FXC Chair Mark Snyder before the Profit & Loss Forex Network: "New Opportunities and Risks in Foreign Exchange: The Role of the Foreign Exchange Committee"

Amended Chinese Renminbi rate source definition published by the FXC, EMTA, and ISDA, effective November 7

FXC releases its inaugural market share report

FXC releases the results of its second Survey of North American Foreign Exchange Volume

FXC addresses letter to market participants regarding the practice of issuing authorization letters

SFEMC, EMTA, and FXC announce updated documentation for Malaysian Ringgit non-deliverable foreign exchange transactions, effective July 15, 2005

• Addendum to 2004 Asian Currency Non-Deliverable FX Documentation
• Malaysian Ringgit Template Terms
• Malaysian Ringgit Amendment Agreement

New and amended Indonesian Rupiah and Malaysian Ringgit rate source definitions published by EMTA, ISDA, and the FXC, effective July 15, 2005

Amended Romanian Leu rate source definition published by EMTA, ISDA, and the FXC, effective July 1, 2005

FXC publishes IFXCO Master Agreement

• IFXCO Terms
• IFXCO Adherence Agreement
• IFXCO Adherence Agreement (Word document)
• IFXCO Guide to Changes to the FXC Master Agreements
• IFXCO List of Opinions

Joint FXC and JSC Statement Regarding the Romanian Leu Conversion

New and Amended Russian Ruble Rate Source Definitions Announced by EMTA, ISDA, and the FXC, effective as of June 16, 2005

FXC publishes article: "The Changing Nature of Operational Risk in Foreign Exchange"

Global Operational Managers Conference hosted by the Foreign Exchange Joint Standing Committee

FXC announces the publication of a prime brokerage master agreement

• Master FX Give-Up Agreement
• Compensation Agreement

FXC Publishes its 2004 Annual Report

FXC Joins with Other Industry Groups to Support Provisions of S.256

FXC releases the results of its inaugural Survey of North American Foreign Exchange Volume

Amended Turkish Lira Rate Source Definition Announced by EMTA, ISDA, and the FXC effective as of January 1, 2005

FXC and ISDA File Amicus Brief in the Jugobanka Case

Joint FXC and JSC Statement Regarding the Turkish Lira Conversion

2004 Version of Foreign Exchange Transactions: Execution to Settlement, Recommendations for Nondealer Participants

The FXC Announces the Release of 2004 Version of Management of Operational Risk in Foreign Exchange

• 2004 Version of Management of Operational Risk in Foreign Exchange

The FXC, EMTA, and SFEMC Announce Updated Documentation for Non-Deliverable Foreign Exchange Transactions for Six Asian Currencies

• User's Guide and 2004 Asian Currency Non-Deliverable FX Documentation
• The SFEMC Indicative Survey Rate Methodologies for Six Asian Currencies
• Chinese Renminbi Template Terms
• Indian Rupee Template Terms
• Indonesian Rupiah Template Terms
• Korean Won Template Terms
• Philippine Peso Template Terms
• Taiwanese Dollar Template Terms

EMTA, ISDA, and the FXC Announce Amended Rate Source Definitions for Six Asian Currencies, effective as of December 1, 2004

The FXC Addresses Letter to Market Participants Regarding CLS Bank's Trade Confirmation Initiative

Remarks by FXC Chairman Mark Snyder before the FX Week Congress: "Ethics, Best Practices and Self-Regulation: A Crossroads for the Global Foreign Exchange Market"

The FXC Addresses Letter to Market Participants Regarding the Use of Points to Resolve Disputes

2004 Changes to the Guidelines for Foreign Exchange Trading Activities

• Updated Version of the Guidelines for Foreign Exchange Trading Activities

Compendium of Amendments To Annex A to the 1998 FX and Currency Option Definitions

FXC Addresses Letter to Market Participants Regarding the Practice of Issuing Authorization Letters

Amended Brazilian Rate Source Definition Announced by EMTA, ISDA, and the FXC, effective as of March 1, 2004

FXC and SFEMC Address Joint Letter to Market Participants Regarding Risks Associated with Trading on an Unnamed Basis

FXC Announces the Appointment of State Street's Mark Snyder to the Position of Chairman

Amended Korean Won Rate Source Definition Announced by EMTA, ISDA, and the FXC

FXC expresses deep concern about recent charges alleging criminal behavior by individuals in the foreign exchange market and resolves to continue its work to preserve a fair, transparent, and efficient marketplace

FXC Invites FX Market Community to participate in June forum on Management of Operational Risk in Foreign Exchange

Master Agreement Supplement for Non-Deliverable Forwards

FXC releases 2003 version of Management of Operational Risk in Foreign Exchange

Amended Taiwanese Dollar Rate Source Definition Announced By ISDA, EMTA and the FXC

The FXC Comments on Trading Foreign Exchange on an Unnamed Basis

FXC Addresses Letter to Market Participants Regarding Risks Associated with Trading On an Unnamed Basis

FXC recommends the use of a master agreement addendum for NDFs to minimize operational risk associated with NDF confirmations

New and Amended Argentine Peso Rate Source Definitions Announced By EMTA, ISDA and the FXC

FXC Endorses the Joint Standing Committee's Proposed Changes to the NIPS Code Regarding Trading with Unnamed Counterparties

Committee Introduces Changes to the Guidelines for Foreign Exchange Trading Activities

FXC submits comments on the Draft Interagency White Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System

FXC comments on the SIA's Whitepaper on cross border related to T+1 settlement for U.S. securities

The Committee Supports EMTA's Efforts to Generate a New Methodology for Settling NDFs in the Event of an Unscheduled Market Holiday

FX Committee sponsors Electronic Trading Forum

FXC statement on NDF transactions involving the Argentine peso

Supplementary Guidance on Electronic Validations and Confirmation Messaging

Foreign Exchange Committee offers Supplementary Guidance for Market Disruptions

The FXC Offers Recommendations on Contingency Planning

Revised - SFEMC statement regarding the treatment of the Taiwan dollar fixing rate for September 12, 2001

An updated version of the "Guidelines for Foreign Exchange Trading Activity"

EMTA, ISDA and the FX Committee announce new and amended Argentine Peso Rate Source Definitions to Annex A effective as of July 10, 2001

EMTA, ISDA and FX Committee announce addition of new Korean Won rate source definitions to Annex A

The FX Committee concurs with changes in definitions for SWIFT confirmation messages

Bank Indonesia has recently announced certain restrictions with regard to foreign exchange transactions involving the Indonesian rupiah

A new and updated version of the "Guidelines for Foreign Exchange Trading Activity"

The Committee and the Singapore Committe suggest changes in the SWIFT confirmation messages

The Emerging Markets Trading Association (EMTA) has been working with the industry on resolving NDF issues and has recently published a number of suggested new best practices on its website. Also available on the site is a summary of EMTA's current efforts to resolve the remaining open issues on NDF practices.

The FX Committee recommends the use of two new templates (1) the Knock-Out/Knock-In Barrier Option and (2) the Binary Option Template

ISDA, EMTA, and FX Committee Announce Website Publication of Revised Annex A to 1998 FX and Currency Option Definitions

• Revised Annex A to 1998 FX and Currency Option Definitions, effective September 25, 2000

Committee Joins with Other Industry Groups to Support Provisions of H.R. 4541

FX Committee releases 1999 Collateral Annex to FEOMA, IFEMA, ICOM Master Agreement

Industry Statement on Legal Certainty Provisions of Ewing Bill

EMTA, ISDA and FX Committee announce addition of new Brazilian Real rate source definition

FXC announces new set of best practices for the barrier option market

Cross Product Master Agreement

• Guidance Notes

FXC issues revised Force Majeure provisions for standard currency trading agreements

The ACI—the Financial Markets Association has endorsed the Committee's recent paper, Y2K: Best Practices in the Foreign ExchangeMarket. The ACI thus joins a number of other global organizations supporting the document.

Foreign Exchange Transaction Processing: Execution to Settlement, Recommendations for Nondealer Participants

FXC issues "Y2K: Best Practice in the Foreign Exchange Market"

EMTA, ISDA and the FX Committee announce amendments to the Philippine peso rate source definitions

Letter reminding the community of the potential benefits of reduced transactions and settlements in the first week of January 2000

Letter to CFTC on Proposed Rules Concerning Automated Trading Systems Providing Access to Electronic Boards of Trade Operating Primarily out of the U.S.

Letter to Congressman Thomas Ewing, Chair of the House Subcommitee on Risk Management and Specialty Crops, on CEA Reform, signed by Foreign Exchange Committee and other industry groups

New Brazilian Real Rate Sources Announced by ISDA, EMTA and the FX Committee

Y2K: Letter from the Committee and the Singapore Foreign Exchange Market Committee suggesting that the foreign exchange commmunity reduce transaction volume and payments in the first days of 2000