FREQUENTLY ASKED QUESTIONS
FAQS FOR NIGERIAN AUTONOMOUS FOREIGN EXCHANGE MARKET
- What is the Nigerian Autonomous Foreign Exchange Market?
- Who can participate in the NAFEM?
- What are the Permitted Transactions at the NAFEM?
- How can I execute trades at this Window?
- Will Certificates of Capital Importation (“CCIs”) still be issued for new foreign currency inflows sold at the Window?
- How can I track the activity in this Window?
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?