Custody Risk December 2013

Editor's comment


The head of Nigeria’s central securities depository tells Custody Risk this issue that he is in the process of establishing a central counterparty clearing house (CCP) in preparation for launching exchange-traded derivatives in about a year’s time.

Africa, apart from South Africa, is a latecomer to derivatives markets and CCPs. However, there has been a growing realisation across a broad spectrum of African public and private sector stakeholders that efficient financial markets are a prerequisit