Regulatory Alerts2022-06-09 | FMD/DIR/PUB/GUI/001/004Framework for the Operationalisation of the Central Bank of Nigeria Non-Interest Asset-Backed Securities
The Central Bank of Nigeria (CBN) releases a framework for the operationalization of its non-interest asset-backed securities, aimed at deepening the country's financial markets and promoting financial inclusion. The framework outlines the structure, eligibility, auction process, and attributes of the CBN Non-Interest Asset-Backed Securities (CNI-ABS). The CNI-ABS is designed as a tradable instrument with a rate determined by the returns on the underlying asset, and it qualifies as a liquid asset for eligible institutions.
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