New ISSA Member – FMDQ Depository Nigeria
The International Securities Services Association is pleased to welcome FMDQ Depository Limited as a new Member. FMDQ Depository, a wholly owned subsidiary of FMDQ Group PLC, Africa’s first vertically integrated financial market infrastructure group, is a Central Securities Depository registered by the Securities and Exchange Commission, Nigeria in May 2019.
FMDQ Depository is positioned to provide a safe depository for financial markets assets, a robust platform for collateral services and transfer agency, as well as facilitate effective settlement of capital market transactions, thereby reducing operational risk and improving efficiency. Clients rely on FMDQ Depository to provide quality and timely depository and related services (for both the financial and non-financial markets of the economy) through innovative and sustainable technology solutions.