FMDQ CP Registration and Quotation Process

  • Documentation

    On behalf of the Issuer, the Sponsor files relevant documents for assessment by FMDQ Exchange in line with the FMDQ Exchange Commercial Paper Registration and Quotation Rules. The timeframe for completion of this process is dependent on the timeliness and quality of the Sponsor’s response.

    Click here for Form and Templates

  • Analysis

    The Exchange conducts an assessment of the Issuer and CP Programme based on set eligibility, suitability, sustainability, sufficient disclosure criteria, compliance with the Rules of the Exchange and any other relevant regulatory framework applicable to the Issuer.

  • Decision

    The Exchange notifies the Sponsor of application decision.

BD: Business Days

  • Notification

    Sponsor notifies FMDQ Exchange of the Discreet Issue/CPs sought to be issued under the Programme no later than twenty-four (24) hours prior to the opening of the offer.

    Such notification shall include the following details: Amount on offer, minimum level of subscription (if applicable), offer open/close dates and Issue Date.

     

BD: Business Days

  • Documentation

    Sponsor files executed CP Offer and Transaction Documents and all Quotation documentation outlined in Appendix III of the Rules for assessment by FMDQ Exchange, no later than seven (7) business days from the CP Issue Date.

     

    Click here for Forms and Templates

  • Analysis

    FMDQ Exchange conducts an assessment of the Issuer and CP based on set eligibility, suitability, sustainability, sufficient disclosure criteria, compliance with the Rules of the Securities Exchange and any other relevant regulatory framework applicable to the Issuer.

  • Decision

    The Exchange notifies the Sponsor of the application decision

  • Admission

    The CP is admitted to the FMDQ Exchange Daily Quotations List and the FMDQ Exchange’s website.

BD: Business Days