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Central Bank of Nigeria REVISED NIGERIA BANKERS CLEARING HOUSE RULES July 16 2012 TABLE OF CONTENTS PREAMBLE. 3 CONDITIONS FOR MEMBERSHIP. 4 MANAGEMENT OF CLEARING HOUSE. 4 ELIGIBLE FINANCIAL INSTRUMENTS. 6 DURATION OF HOLDING INSTRUMENTS. 6 SETTLEMENT RULES. 7 RETURN OF UNPAID INSTRUMENTS. 8 a Time limit. 8 b Reasons for returning instruments. 9 c Delayed Application/Return of Direct Credits. 10 8. HOURS OF CLEARING. 11 9. CLEARING SESSION QUORUM. 11 10. LATENESS TO THE CLEARING HOUSE. 11...

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What is revised nigeria bankers clearing?

The revised Nigeria bankers clearing refers to the updated process or system used in the banking industry of Nigeria to clear transactions and settle payments between banks.

Who is required to file revised nigeria bankers clearing?

Banks and financial institutions operating in Nigeria are required to file the revised Nigeria bankers clearing as part of their regulatory obligations.

How to fill out revised nigeria bankers clearing?

To fill out the revised Nigeria bankers clearing, banks and financial institutions need to ensure they accurately report and provide all necessary transaction and payment data as required by the regulatory authorities.

What is the purpose of revised nigeria bankers clearing?

The purpose of the revised Nigeria bankers clearing is to facilitate the efficient clearing of transactions and the timely settlement of payments between banks in Nigeria, enhancing the overall functioning of the banking system.

What information must be reported on revised nigeria bankers clearing?

The revised Nigeria bankers clearing requires banks to report various transaction and payment details, such as account numbers, transaction amounts, dates, and any relevant supporting information.

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