Emerging Markets Rates and Currencies Handbook

Documentation Requirements FX spot: documentation is required above XOF 500 000 for all individual or corporates customers. Documentation type varies based on the type of payment. Outright forward: FX Documentation required before the settlement date. Trade Flows Remittance of XOF out of the WAEMU region is subject to required set of documents in compliance with the local exchange control regulation. Capital Flow and FD Capital flows and FDI are not subject to any restriction, however would need to be declared to the Mof office at inception to facilitate the projected reimbursement. Additional Comments Resident corporate to hedge risk only based on commercial or capital transaction, no speculative hedging allowed. Citibank Cote D’ivoire S.A. 28 Avenue Delafosse 01 BP 3698 ABIDJAN 01 FX Sales Contact: +225 2020 9081