
Central Bank of Nigeria
Guidelines for the Operation of the Foreign Exchange Market - Wholesale Dutch Auction System Forwards (WDAS-FWD)
- Author
- Central Bank of Nigeria
- Year
- 2011
- Pages
- 6 pages
These guidelines establish the Central Bank of Nigeria’s Wholesale Dutch Auction System for short-tenored foreign exchange forwards, including auction procedures, eligible dealers, bid requirements, pricing, allocation, settlement, customer-use restrictions, reporting, risk management, and accounting treatment. They also provide for standing foreign exchange swap facilities, swap…