About Us

WHO WE ARE

FMDQ Clear Limited (“FMDQ Clear”) is Nigeria’s premier Central Counterparty (CCP). Registered by the Securities and Exchange Commission (SEC), Nigeria, FMDQ Clear provides post-trade services to enhance the integrity of and eliminate the inherent counterparty risks in financial market transactions, whilst facilitating settlement finality, towards delivering capital and cost efficiencies, and de-risking the Nigerian financial markets.

Following the approval received by the SEC to perform the functions of a central counterparty, FMDQ Clear plays a key role in the Nigerian financial market by novating CCP-eligible products traded on FMDQ Securities Exchange Limited and other domestic and international Exchanges affiliated with FMDQ Clear.

The structure, activities, and operations of FMDQ Clear are aligned to meet global best practices and guidelines issued by standards setting bodies such as the International Organisation of Securities Commissions (IOSCO), the European Securities and Markets Authority (ESMA) and the Bank for International Settlements (BIS). This will help build an effective risk governance structure as well as promote efficient clearing operation processes which will in turn boost market confidence and maintain the integrity of the Nigerian financial markets.

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CORPORATE STATEMENTS

VISION

To be a globally accepted Central Counterparty by 2025

MISSION
We collaborate to empower markets for economic progress towards delivering prosperity
OUR CORE VALUES



Teamwork and Collaboration​

We work as a team and collaborate with our stakeholders to foster shared understanding and combined action.



Teamwork and Collaboration​

We work as a team and collaborate with our stakeholders to foster shared understanding and combined action.



Innovation

We nurture and deliver on forward-thinking ideas towards making our markets globally competitive.



Innovation

We nurture and deliver on forward-thinking ideas towards making our markets globally competitive.



Integrity

We are principled in our conduct and can be trusted to act responsibly and professionally in delivering our mandate.



Integrity

We are principled in our conduct and can be trusted to act responsibly and professionally in delivering our mandate.



Value-adding

We consistently seek opportunities to exceed our stakeholders’ expectations.



Value-adding

We consistently seek opportunities to exceed our stakeholders’ expectations.

BOARD OF
DIRECTORS

The FMDQ Clear Board of directors are responsible for setting the operational and governance architecture for the Clearing House.

Mr. Sadiq Mohammed
Chairman
Mr. Ayodele Onawunmi
Managing Director

MANAGEMENT
TEAM

FMDQ Clear’s Management Team is focused on actualising the Company’s Vision.

FMDQ CLEAR MILESTONES

2021
FMDQ Clear Joins CCP12
Becomes an Observer Member of the Global Association of Central Counterparties (CCP12).
2021
2021
FMDQ Clear becomes Nigeria’s Foremost Central Counterparty
Receives approval from the Securities and Exchange Commission, Nigeria and becomes Nigeria's foremost Central Counterparty.
2021
2020
FMDQ Clear landmarks as Nigeria’s Premier Central Counterparty
Receives approval-in-principle from the Securities and Exchange Commission, Nigeria for Central Counterparty registration.
2020
2018
Operationalisation of FMDQ Clear
Activates the Clearing House to deliver highly efficient post-trade services across Nigeria’s fixed income and derivatives markets.
2018
2017
FMDQ Clear Registered by SEC
Licensed with the SEC as a Clearing and Settlement Company.
2017
FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…