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2012-06-22 | TED.FEM.FPC.GEM.01.014.2012

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Certificate of Capital Importation Issuing Process for Securities Lending Inflows

The Central Bank of Nigeria establishes specific Certificate of Capital Importation procedures for Securities Lending transactions involving foreign and local investors. The rules mandate CCI issuance for capital importation by foreign lenders and borrowers in cross-border scenarios, while waiving CCI requirements for local-to-local lending. The document details operational steps for marking down or up CCIs, transferring collateral rights, and handling repatriation or default scenarios across four distinct lending configurations.

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Central Bank of Nigeria

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Topics
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capital
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