FAQS FOR ROLLOVER ON CLEARED NAIRA-SETTLED NON-DELIVERABLE FORWARDS (“CLEARED USD/NGN NDFs”) CONTRACT
- WHAT IS A ROLLOVER OF A CLEARED USD/NGN NDFs CONTRACT UNDER THE PROVISIONS OF MB-33?
- WHAT ARE THE CONDITION(S) FOR THE ROLLOVER OF A CLEARED USD/NGN NDFs FUTURES CONTRACT?
- DOES THE ROLLOVER AFFECT ANY OF THE TERMS AND CONDITIONS FOR BUYING CLEARED USD/NGN NDFs CONTRACTS AS STIPULATED UNDER THE Cleared USD/NGN NDFs MARKET OPERATIONAL STANDARDS?
- 4. WHEN DOES THE ROLLOVER MECHANISM BECOME EFFECTIVE AND WHICH CLEARED USD/NGN NDFs CONTRACTS ARE ELIGIBLE?
- WHAT IS THE MINIMUM SIZE OF A ROLLOVER CLEARED USD/NGN NDFs CONTRACT?
- WHAT TENOR(S) OF CLEARED USD/NGN NDFs CONTRACTS CAN BE ROLLED OVER?
- DOES THE ROLLOVER RULE PROHIBIT THE PURCHASE OF CLEARED USD/NGN NDFs CONTRACTS WITH TENORS LONGER THAN 6M FOR FPIs?
- WHAT ARE THE RELEVANT FEES APPLICABLE TO CLEARED USD/NGN NDFs CONTRACTS ROLLED OVER?