Who We Are
FMDQ Clear Limited (FMDQ Clear), Nigeria’s premier Central Counterparty, registered by the Securities and Exchange Commission to carry out the capital market function of clearing and settlement, is a wholly owned subsidiary of FMDQ Group.
FMDQ Clear is strategically positioned to deliver post-trade services that will enhance the integrity of and eliminate the inherent risks to bilateral trades in the Nigerian financial market, while supporting its safety and reliability. With an aspiration of becoming a Central Counterparty, in the medium to long-term, for the purpose of novating products traded on FMDQ Securities Exchange Limited (FMDQ Exchange), FMDQ Clear aims to deliver capital and cost efficiencies to its Members and further, de-risk the market.
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.
Our Core Values
Teamwork and Collaboration
Innovation
Integrity
Value-adding
FMDQ Clear offers clearing, clearing risk management, collateral management, settlement processing and reporting for products cleared through its platform.
Members are fully governed by the rules and guidelines of FMDQ Clear. Currently, there are two (2) clearing membership categories.
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The FMDQ Clear Board of directors are responsible for setting the operational and governance architecture for the Clearing House.
FMDQ Clear operates a lean organisation structure designed to drive productivity towards the execution of the Company’s mandate.
FMDQ Clear’s Management Team is focused on actualising the Company’s Vision.
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