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Central Bank of Nigeria

Guidelines for the Electronic Foreign Exchange Matching System (EFEMS)

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Author
Central Bank of Nigeria
Reference No.
FMD/DIR/CON/OGC/038/151
Year
2024
Pages
5 pages

These guidelines regulate interbank foreign exchange trading through the Electronic Foreign Exchange Matching System, designate Bloomberg BMatch as the supporting platform, and establish participation requirements, trading hours, order and settlement rules, credit limits, reporting duties, monitoring powers, data ownership, penalties, and dispute resolution procedures for…

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