The following warnings occurred:
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined variable $awaitingusers - Line: 16 - File: global.php(844) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/global.php(844) : eval()'d code 16 errorHandler->error
/global.php 844 eval
/showthread.php 26 require_once
Warning [2] Undefined array key "mybb" - Line: 1952 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 1952 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 629 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(732) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(732) : eval()'d code 5 errorHandler->error
/showthread.php 732 eval
Warning [2] Undefined array key "additionalgroups" - Line: 7162 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 7162 errorHandler->error
/inc/functions_user.php 844 is_member
/inc/functions_post.php 406 purgespammer_show
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(474) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php(474) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 474 eval
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showimages" - Line: 741 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 741 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 746 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 746 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "invisible" - Line: 1506 - File: showthread.php PHP 8.0.30 (Linux)
File Line Function
/showthread.php 1506 errorHandler->error
Warning [2] Undefined variable $threadnotesbox - Line: 30 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 30 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $addremovesubscription - Line: 79 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 79 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $forumjump - Line: 86 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 86 errorHandler->error
/showthread.php 1533 eval



Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
FMDQ provides depository for Lagos, Dangote’s N200b bonds
#1
FMDQ provides depository for Lagos, Dangote’s N200b bonds
April 14, 2020

[/url][Image: Dangote-Sugar-Refinery-1280x720-1.jpg]
[url=https://thenationonlineng.net/wp-content/uploads/2020/04/Dangote-Sugar-Refinery-1280x720-1.jpg]




 

Barely 11 months after it was registered, Nigeria’s second depository, FMDQ Depository Limited, has onboarded two corporate and government bonds worth N200 billion to its platform.


FMDQ Depository was appointed as sole depository to the Lagos State Government’s N100 billion bond and a joint depository to the Dangote Cement’s N100 billion bond. The two  marked epochal change in the  financial markets, which had operated with sole depository for more than 26 years.

Securities and Exchange Commission (SEC) had, last June, taken the historic step of registering FMDQ Depository Limited as the second depository for the market.

FMDQ Depository started operation last August, delivering on its core mandate to implement value-added products and service offerings.

It is a member of FMDQ Group, a vertically integrated financial market infrastructure group, which included FMDQ Securities Exchange Limited and FMDQ Clear Limited.

Chief Executive Officer, FMDQ Group, Mr. Bola Onadele-Koko, said the uploading of two of the choicest bonds on the FMDQ Depository was a major milestone for the progressive development of the market.


According to him, the foresight of Lagos State Government in choosing FMDQ Depository for its most recent bond is an indication of the state’s alignment with progressive market development.

He noted that Dangote Cement also deserves commendation for giving investors power, for the first time in the  capital market, to determine which depository to lodge their assets with, thereby validating the SEC’s vision of diversification and healthy competition for the market.

“We are excited as we embark on another phase of implementing FMDQ’s GOLD Agenda – with the overarching objective of making the financial market globally competitive, operationally excellent, liquid and diverse. FMDQ Depository completes the value chain of pertinent market infrastructure for the pre-trade, trade and post-trade spectrums provided by FMDQ Group – from listing to trading, clearing, settlement, asset servicing and data and information, amongst other services,” Onadele-Koko said.


 

He pointed out that with the support and collaboration of its stakeholders, FMDQ’s much-sought after goal of delivering power of choice to the hands of the investors has been actualised, assuring that FMDQ Group remains committed to fostering prosperity to its stakeholders, especially the issuers and investors, through FMDQ’s capital market value chain services.

He however noted that as FMDQ Depository is not saddled with allocating the International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs), FMDQ Depository will remain focused on building its core competencies of efficient and value-added service delivery to market stakeholders, which is the crux of the depository service.


FMDQ Depository stated that in order to ensure operational efficiency and facilitate ease of implementing investor’s choice of depository, it had been advocating from inception for SEC-registered central securities depositories (CSDs) in Nigeria to embrace operational collaboration towards promoting the global agenda for interoperability between their systems, thereby effectively empowering investors to deal on their Exchange of choice in Nigeria, irrespective of which depository their assets are held.

FMDQ noted that with innovation at the core of its existence, the efficient and integrated linkage between FMDQ Exchange and FMDQ Depository guarantees seamless market making for all securities, including bonds and commercial papers (CPs), held on the FMDQ platform.

In turn, investors are availed an unrivalled liquid market provided through the financial capacity of FMDQ Exchange’s dealing members including banks and non-bank financial institutions, credible price discovery from sizable market trades executed by these members as well as world-class models, and real time refinance and repurchase opportunities provided as part of FMDQ’s market development agenda.

In addition, issuers and investors will also benefit from FMDQ Depository’s credible asset servicing for the investments lodged with the depository; secure and resilient processes and operations; and reliable data and information. Some of the other issuers currently benefiting from the complementary and unique depository services provided by FMDQ Depository include, Citibank Nigeria Limited, Eterna, First City Monument Bank, which had issued commercial papers.

FMDQ reaffirmed that it has positioned to provide end-to-end execution, clearing and settlement of financial market transactions, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries including FMDQ Exchange, FMDQ Clear, FMDQ Depository and FMDQ Private Markets Limited.
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  FG Begins Movement Of Cargoes From Lagos To Onitsha Port To Ease Apapa Traffic Edoman 1 1,222 07-20-2022, 10:41 AM
Last Post: Emmbra
  FG grants Dangote cement ₦22.32bn tax credit Edoman 0 709 04-30-2021, 08:17 AM
Last Post: Edoman
  Arik Air resumes direct flights from Lagos to Kano Edoman 0 755 04-19-2021, 08:58 AM
Last Post: Edoman
  Dangote Commits $700 Million To Sugar Production Edoman 0 714 04-19-2021, 07:27 AM
Last Post: Edoman
  Dangote: Cement price from our Factories is between N2,450 and N2,510 per Bag, VAT in Edoman 0 645 04-14-2021, 09:55 AM
Last Post: Edoman
  Dangote Is Selling Cement For 1,150 Naira In Zambia Edoman 0 737 04-06-2021, 10:19 PM
Last Post: Edoman
  Dangote Cement To Pay Over ₦97 Billion In Corporate Tax For 2020 Financial Year Edoman 0 983 03-24-2021, 07:27 AM
Last Post: Edoman
  Dangote Sugar Refinery In Niger State Shut Down Edoman 0 722 03-13-2021, 11:08 PM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise