WHO WE ARE
FMDQ Clear Limited (“FMDQ Clear”) is Nigeria’s foremost 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.
CORPORATE STATEMENTS
VISION
To be a globally accepted Central Counterparty by 2025
MISSION
OUR CORE VALUES
Teamwork and Collaboration
Teamwork and Collaboration
Innovation
Innovation
Integrity
Integrity
Value-adding
Value-adding
BOARD OF
DIRECTORS
The FMDQ Clear Board of directors are responsible for setting the operational and governance architecture for the Clearing House.
MANAGEMENT
TEAM
FMDQ Clear’s Management Team is focused on actualising the Company’s Vision.
FMDQ CLEAR MILESTONES
FMDQ Clear Joins CCP12
FMDQ Clear becomes Nigeria’s Foremost Central Counterparty
FMDQ Clear landmarks as Nigeria’s Premier Central Counterparty
Operationalisation of FMDQ Clear
FMDQ Clear Registered by SEC
Become a Clearing Member
