What are the NITTY tenor benchmarks?

Skip to content

CONTACT
LOGIN

MENU

GROUP
MARKETS, PRODUCTS & SERVICES
Primary Market

Listing & Quotations

Securities Noting

Trading

Markets

Post Trade

CCP Clearing

Settlement

COLLATERAL MANAGEMENT

RISK MANAGEMENT

Assets SafeKeeping

Data Information

data Subscription

Data redistribution

Indices

Benchmark

green exchange
Financial innovation in sustainable economic development, aimed at meeting... LEARN MORE

academy
We deliver specialised trainings to market participants on various financial market... LEARN MORE

FMDQ NEXT
The FMDQ Next Generation Financial Markets Empowerment Programme... LEARN MORE
INVESTOR RELATIONS
INSIGHTS
MEDIA CENTRE
CAREERS
FMDQ-Next

Search

Close

What are the NITTY tenor benchmarks?

Home
FAQs
What are the NITTY tenor benchmarks?

FAQS FOR COMMERCIAL PAPERS

30

Definitions
What are Commercial Papers?
When and why were CPs introduced?
Who can issue a CP?
Who are the typical parties to a CP?
Who can act as an Issuing and Placing Agent (“IPA”)?
Who can act as a CPA?
Who can act as an Issuing, Placing, Paying and Collecting Agent (“IPCA”)?
Who can Invest in a CP?
Can CPs be traded in the secondary market?
Who can Sponsor the Registration and Quotation of a CP on the Exchange?
What are the relevant fees required for the Registration and Quotation of CPs on the Exchange?
What is the difference between a CP Programme and a Discreet Issuance?
What is the difference between the Registration and Quotation of CPs on the Exchange?
What is the standard timeframe for the Registration of a Programme or Discreet Issuance?
What is the minimum size of a CP?
What are the minimum and maximum tenors of a CP issue?
What terms under a registered CP Programme can be revised?
What is the rating requirement for the issuance of CPs?
Is there a minimum level of subscription for a CP issue?
Are CPs interest bearing or discount instruments?
Can CPs be held in dematerialised form?
How do investors redeem monies invested in CPs?
Are there specific requirements for Special Purpose Vehicles/Entities (“SPVs/SPEs”)?
Can CPs be accompanied with Liquidity and Credit Enhancement Structures?
Does FMDQ conduct pre – issuance reviews prior to the opening of a CP?
What is the standard timeframe for the Quotation of a CP?
Are there specific timelines for fulfilment of all requirements relevant for Quotation of a CP?
What type of post-quotation compliance obligations are required by the Exchange?
Does the Exchange impose sanctions for non-compliance with the Rules?

FAQS FOR NIGERIAN AUTONOMOUS FOREIGN EXCHANGE MARKET

10

What is the Nigerian Autonomous Foreign Exchange Market?
Who can participate in the NAFEM?

Primary Market

Trading

Post Trade

Data Information

green exchange

academy

FMDQ NEXT

What are the NITTY tenor benchmarks?