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.