currently in place) Avg. ticket size: USD 3.5mn Bid/ask spread: 50-70bp 20-45bp (bonds) Offshore NGN products Non-Deliverable Forward (NDF) (NAFEX and NIFEX) On Dec 15 2017, the FMDO announced the cessation of NIFEX with a proposed final NIFEX rate to be published on March 28, 2018. (This prop