Who We Are
FMDQ Depository Limited, a depository registered by the Securities and Exchange Commission, Nigeria, was established as a wholly owned subsidiary of FMDQ Group to provide collateral caching and settlement services in the Nigerian financial market; complementing the clearing function discharged by FMDQ Clear Limited and offering market participants an unrivalled opportunity to experience enhanced straight-through-processing. FMDQ Depository is positioned to significantly reduce principal risks in the nation’s financial markets by linking securities and cash in a way that enhances delivery versus payment, thus facilitating seamless settlement finality.
The activation of this FMDQ entity completes the value chain of pertinent market infrastructure in the Nigerian financial market, particularly the post-trade spectrum, following the introduction and operationalisation of FMDQ Clear Limited, also a wholly owned clearing and settlement subsidiary of FMDQ Group. With FMDQ Depository, FMDQ Group consummates its objective of becoming a one-stop Financial Market Infrastructure (FMI) Group providing:
- (i) Robust capital formation platform and trading venue – FMDQ Exchange
- (ii) Fully integrated central clearing house – FMDQ Clear
- (iii) Dependable technology-driven asset depository – FMDQ Depository