Negotiation Mode – FX-CLEAR
The Negotiation mode facilitates the
dealer to chat with other members’ dealers for the purpose of arriving at a
negotiated deal in the forex market. The Deals negotiated will be captured as
confirmed trades once acknowledged by both the parties. The dealer can use this
mode of dealing in Spot, Swap & other transactions in USD-INR currency
pair. However, STP facility would not be available for these trades and hence
need to be reported manually to the Clearing Corporation for settlement.