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ExternalMarketArea1Code

NDLF Code: Non Deliverable Forward

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NDLF means non deliverable forward in the ISO 20022 market area code set. FX forward trade for which only balance is settled.

Code
NDLF
ISO name
NonDeliverableForward
Status
Registered
Last updated
2016-05-11

Official definition

FX forward trade for which only balance is settled.

Definition from the ISO 20022 External Code Sets, 2Q2026 (published 28 Aug 2026).

Messages and fields that use ExternalMarketArea1Code

MessageElement path
reda.056versions 001.01
reda.057versions 001.01
reda.058versions 001.01
reda.059versions 001.01

NDLF questions

What does NDLF mean in ISO 20022?
NDLF is Non Deliverable Forward in the ExternalMarketArea1Code code set: FX forward trade for which only balance is settled.

All ExternalMarketArea1Code codes · ISO 20022 code sets

The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.