Who can act as an Issuing and Placing Agent (“IPA”)? – FMDQ Group

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Who can act as an Issuing and Placing Agent (“IPA”)?

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FAQs
Who can act as an Issuing and Placing Agent (“IPA”)?

faqs

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

FAQS FOR NIGERIAN AUTONOMOUS FOREIGN EXCHANGE MARKET

10

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