The Registration Of FMDQ Clear Limited By The Security And Exchange Commission (SEC). - Jobisco

The Registration Of FMDQ Clear Limited By The Security And Exchange Commission (SEC).

The Nigerian financial markets has successfully recorded a ground-breaking and game changing milestone. This which was registered by Securities and Exchange Commission (SEC). The registration of FMDQ Clear Limited (FMDQ Clear) take place on September 29, 2020. To become Nigeria’s premier Central Counter-party (CCP).

Credit: Financial Edge
As a critical and much needed Financial Market Infrastructure (FMI), this laudable achievement re-defines the landscape for financial transactions as we know it and introduces endless possibilities to the scope of permissible products that can be developed and deployed within the ecosystem towards delivering long-lasting prosperity to the Nigerian economy.

The FMDQ Clear CCP ushers the actualization of the outstanding building block that will enable the development of thriving repurchase agreements, derivatives, and commodities markets in Nigeria like other developed economies and markets.

As a critical FMI, FMDQ Clear, as a CCP will interpose itself between two (2) counter-parties by becoming the buyer to every seller and seller to every buyer, thereby aggregating and consolidating counter-party risks and introducing the much-desired counter-party agnostic trading feature that will catapult the growth of trading liquidity of financial products in the Nigerian markets to international standards. Read More...
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