The United States National Futures Association (NFA) today announces changes in required minimum security deposits for certain Forex transactions.
NFA Financial Requirements Section 12 requires Forex dealer members to collect and maintain a minimum security deposit of 2% of the notional value of transactions in ten listed major currencies and 5% of the notional value of other transactions.
In 2016, NFA’s Executive Committee, pursuant to its authority under Section 12, increased the minimum security deposit for currency pairs involving the British pound to 5% and the minimum security deposit for currency pairs involving the Japanese yen to 4%.
The Executive Committee recently reviewed these increases and determined to reduce the minimum security deposit for currency pairs involving the British pound to 3% and for currency pairs involving the Japanese yen to 2%. The decreases are effective immediately.
Additional information about the requirements can be found here.