Regulatory Alerts2008-12-10 | TED-FEM-FPC-GEN-01-131-08Circular on Access to Intra-day Facility
The Central Bank of Nigeria is introducing the Intraday Facility (ITF) for Deposit Money Banks and Discount Houses in line with CBN Inter-Bank Funds Transfer System Rules. This facility will provide temporary liquidity within business hours, thereby improving the RTGS operation. Starting December 10th, 2008, access to ITF would be via Temenos Internet Banking platform, and collateral for this facility will include Nigerian Treasury Bills and FGN Bonds.
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monetary