Custody Risk December 2013

Editor's comment

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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 ar