2021-04-14 | FMD/DIR/PUB/GUI/01/001

Guidelines for the Conduct of Repurchase Transactions under CBN Standing Facilities

The document outlines guidelines for Nigerian banks to conduct repurchase transactions with the Central Bank of Nigeria (CBN) under its Standing Lending Facility (SLF) and Term Repurchase Facility (TRF). These facilities provide naira liquidity to eligible institutions unable to access funds in the inter-bank market, with rates set above expected market rates to encourage banks to prioritize the inter-bank market. The guidelines cover eligibility, facility structure, transaction amounts, pricing, securities, and other terms and conditions, with specific formulas provided for calculating settlement prices for various types of securities.

Nigeria

Central Bank of Nigeria

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