RegAlert
2012-08-01 | FMD/DIR/GEN/CIR/03/006B

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Review of the Revised Guidelines for Accessing CBN Leanding Window and Repo Transactions

The Central Bank of Nigeria has issued a new circular regarding the access to CBN lending windows and repo transactions. Authorized dealers are not allowed to access the WDAS window throughout the term of a Repurchase or SLF transaction with the CBN, effective immediately. However, this rule does not apply to existing transactions that will run their full course.

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CENTRAL BANK OF NIGERIA
Corporate Head Office, Central Business District, P.M.B. 0187, Garki, Abuja - F.C.T.

Website: www.cenbank.org Email: financialmarkets@cbn.gov.ng Tel: 09 462 36600, 0946236603 Ref: FMD/DIR/GEN/CIR/03/006 Date: August 1, 2012

Circular

REVIEW OF THE REVISED GUIDELINE FOR ACCESSING CBN LENDING WINDOW AND REPO TRANSACTIONS Our circulars dated October 10, 2011 and July 26, 2012 (Ref:
TED/PFO/FPC/GEN/01/019 and BSD/DIR/GEN/LWR/05/047 refer.

Further to the prohibition of Authorised Dealers from accessing the WDAS and the Standing Lending Facility (SLF) on the same day, Authorised Dealers are henceforth NOT allowed to access the WDAS window throughout the term of a Repurchase or SLF transaction with the CBN.

However, Authorised Dealers that have entered into Repurchase or SLF transaction with the CBN prior to the issuance of this circular will not be affected as the transaction would be allowed to run its full course.

This circular takes immediate effect.

U. UK
Director, Financial Markets Department

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Lineage: Superseded

Review of the RevisedGuidelines for Accessing CBN …2012-08-01 · this documentReview of the Revised Guidelines for Accessing CBN Leanding Window and Repo Transactions (2012-08-01)Superseded Circulars/Guidelines…2024Superseded Circulars/Guidelines (REVIEWED) (2024-03-12)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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Amended 1 time · last 2024-03-12

Source: Central Bank of Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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