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Central Bank of Nigeria

Guidelines for FX Derivatives in the Nigerian Financial Markets

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Author
Central Bank of Nigeria
Year
2011
Pages
5 pages

The guidelines establish approved foreign exchange derivative products and the conditions under which Authorised Dealers may offer them to customers and trade among themselves. They address approvals for FX options, forward and swap tenors, project-backed cross-currency interest rate swaps, trade documentation and hedging requirements, customer…

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