
Central Bank of Nigeria
FX Derivatives in the Nigerian Financial Markets
- Author
- Central Bank of Nigeria
- Year
- 2011
- Pages
- 5 pages
These guidelines establish the approved foreign exchange derivatives that Authorised Dealers may offer in Nigeria, including options, forwards, swaps, and cross-currency interest rate swaps. They set approval and prudential expectations, require customer hedging to be backed by visible or invisible trade transactions, prescribe documentation and…