FMDQ Clear

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 derivatives products traded on FMDQ Securities Exchange Limited.

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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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

Innovation

Integrity

Value-adding

SERVICES

FMDQ Clear offers clearing, clearing risk management, collateral management, settlement processing and reporting for products cleared through its platform.

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MEMBERS

Members are fully governed by the rules and guidelines of FMDQ Clear. Currently, there are two (2) clearing membership categories.

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BOARD OF DIRECTORS

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

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ORGANISATION STRUCTURE

FMDQ Clear operates a lean organisation structure designed to drive productivity towards the execution of the Company’s mandate.

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MANAGEMENT TEAM

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

 

Contact Us

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