June 4, 2018/FMDQ FMDQ positions to bolster liquidity and financial system stability in Nigeria through the establishment of first-class central clearing and settlement structure The Nigerian fixed income and derivatives markets have hitherto experienced slow growth due to sustained counterparty, credit and settlement risks. Being Africa’s largest economy, the development […]
Over-the-Counter Beat
CBN Direct Banks to Pledge N1.0 Billion Govt Securities for OTC Trade Settlement
May 31, 2018 By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday directed all Deposit Money Banks (DMBs) with effect from Friday June 1, 2018 to pledge collateral of N1.0 billion worth of Government/CBN Securities for Over-the-Counter (OTC) Trade Settlement in its effort to enhance efficiency […]
FMDQ Clear, Frontclear Sign MoU to Deliver First-Class Clearing Structure in Nigeria
May 31, 2018/FMDQ Clear On May 31, 2018, FMDQ Clear Limited and Frontclear signed an agreement to jointly enhance Nigeria’s first central clearing house structure, with the support of a settlement guarantee fund. The collaboration is the culmination of a long-standing working relationship focused on improving how the Nigerian OTC […]
