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What instruments are actively traded by Discount Houses?

April 26, 2017discount houses instruments Traded

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What instruments are actively traded by Discount Houses?

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The instruments actively traded in the Nigerian market are: Federal Government of Nigeria (FGN) Bonds Nigerian Treasury Bills Bankers Acceptances Commercial Papers Bank Promissory Notes Any other financial instrument as may be prescribed by the CBN. In more developed economies, a wider range of instruments is traded. These include, Treasury Bonds, Treasury Certificates, Municipal Bonds, Local Authority Bills, Negotiable Certificates of Deposit (NCD) and Medium Term Notes.