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FMDQ contributed in the resuscitation of the Nigerian commercial papers market by providing the requisite governance and structure to a hitherto fragmented market. By enabling processes which guarantee an unrivalled time to market for the short-term securities, issuers of commercial papers find relief through the excellent service experience offered to their issues at FMDQ Exchange.
To support the resuscitated CP market, we developed the Commercial Paper Quotation Process to:
Benefits of Registering and Quoting Commercial Papers on FMDQ Exchange
Through our efficient platform, we offer a specialised service for the quotation, valuation and trading of Nigerian Treasury Bills, issued under the authority of the Debt Management Office through the Central Bank of Nigeria, to provide short-term funding for the budget deficit of the Federal Government of Nigeria.
FMDQ provides an enabling platform that enhances liquidity, market transparency and global visibility to Nigerian Treasury Bills quoted on the Exchange. This is done through the activities of the FMDQ Dealing Members trading these bills daily on the Exchange’s trading system(s), the FMDQ website, and the FMDQ Daily Quotations List, which offers continuous disclosure of relevant information, thus promoting credibility for these bills and enhancing investor confidence in the securities.