Core Foreign Exchange high yield deposit Account.
The account enables individuals and or corporate bodies to be a fund provider for weekly Central Bank of Nigeria “CBN” bid session.
The strategy for managing CFA is as follows: –
Bid Block Amount:
N17million or $100, 000 (Higher or reasonable nearest amount is possible / negotiable).
Vehicle/Instrument: Weekly CBN FX Auction in blocks of $100,000
Security or Back up: Naira / USD $
Fund Tenor: 90 days’ cycle
Operational Details: To be discussed and agreed before sign-on