Content. Group Franchise Aspirations. Corporate Statements. FMDQ s Strategic Role. Our Business Services. Collaborative Relationships

Transcription

1 Corporate Profile

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3 Content FMDQ Group Corporate Overview Group Franchise Aspirations Corporate Statements FMDQ s Strategic Role Our Business Services Collaborative Relationships FMDQ s Milestones & Footprints Our Sustainability Agenda Leadership 2

4 FMDQ Group Corporate Overview FMDQ OTC Securities Exchange (FMDQ) was registered by the Securities and Exchange Commission (SEC), Nigeria, in 2012, as an OTC Market. The securities exchange now focuses on: (i) organising and deepening the OTC markets and (ii) creating a platform for the registration, listing, quotation, noting, trading and reporting of securities and financial products. FMDQ Clear Limited (FMDQ Clear), a wholly-owned subsidiary of FMDQ, was registered by the SEC in November 2017, to function as a clearing and settlement company, and is positioned to deliver end-toend clearing and settlement services. iqx Consult Limited (iqx), FMDQ s wholly-owned subsidiary, a strategic and full-spectrum corporate and business solutions vehicle, with a focus on technology, was incorporated in August % NSE Consult 6% 12% FMDA CBN 16% Banks 66% FMDQ OTC PLC 100% FMDQ OTC PLC 100% Ownership Structure OTC - Over-the-counter; CBN Central Bank of Nigeria; FMDA Financial 3 Markets Dealers Association; NSE The Nigerian Stock Exchange

5 Group Franchise Aspirations Our audacious aspiration is to become Africa s most diversified and integrated financial market infrastructure, driven by innovation, collaborative relationships and technology. Efficient platform for the listing and trading of securities across all product lines fixed income, foreign exchange, derivatives, funds, Islamic finance, etc. World-class Central Clearing House (CCH), with robust risk waterfall supported by settlement guarantee fund, and strong governance & risk frameworks to clear products in the cash, repos and derivatives markets. Settlement system that ensures finality, certainty and irrevocability of settlement across all products traded and cleared on FMDQ s platform. Execute STP Clear STP Settle CCH CCP FMDQ OTC Securities Exchange FMDQ Clear Limited As a budding integrated securities exchange, FMDQ operates the largest Exchange in Nigeria focused on fixed income, currency and derivatives with an average annual market turnover of circa 124 trillion ($560 billion) over the last four (4) years. STP Straight-through-Processing 4

6 Corporate Statements FMDQ was established on the foundations of strong governance and principled values that are evident in a culture of excellence, integrity and a strong collaborative disposition. Our VISION To be No. 1 in Africa in the Fixed Income and Currency markets by 2019 Our CORE VALUES Teamwork and Collaboration Value-Adding Our MISSION To empower the financial markets to be innovative and credible, in support of the Nigerian economy Innovation Integrity FMDQ s business models are product innovation and operational excellence driven by its GOLD Agenda Global Competitiveness Operational Excellence Liquidity Diversity 5

7 FMDQ s Strategic Role in the Ecosystem Market Organiser Integrating issuers, sell-side, buy-side, retail investors and all end-users Promoting transparency, liquidity, market efficiency and market conduct Minimising credit and operational risks Facilitating market education Adviser to Government & Regulators Championing innovative measures and frameworks to enhance government revenue, access to capital and financial markets Advocating global best practices Organised Markets Post-trade Services Advocacy Advisory Sustainability Catalyst for Infrastructure Capital Promoting innovative private sector-led solutions to the nation s housing challenge Projecting the debt capital market as the key source of finance for infrastructure development Financial Markets Diplomat Promoting Nigeria as the investment destination in Africa Disseminating unbiased financial markets information Housing and Infrastructure Capital Sustainable Finance 6 Integration With External Markets Foreign Capital

8 Our Business Services FMDQ provides a range of business services in fulfilment of its market development, organiser and governance mandates, whilst addressing the needs and adding value to its diverse stakeholder groups. Data & Information Memberships Registrations, Listings & Quotations Post-trade Private Companies Bonds Noting Market Connectivity Market Governance & Regulation With a strategic mandate to transform the Nigerian financial markets, FMDQ has championed the introduction of several innovative market development initiatives to the Nigerian financial markets. 7

9 Collaborative Relationships Legend Market Development Media Sustainable Finance Housing Financial Market Risk Management 8

10 FMDQ s Milestones FMDQ Incorporated Launch of FMDQ SEC Approval of FMDQ Bond Listing & Quotation Rules NIBOR Reform Commencement of Listing of FGN & Corporate Bonds Launch of Naira-settled OTC FX Futures Market Launch of FMDQ Price Ticker Tape on Channels TV Launch of DCMD Project SEC Approval of STB Rules & Process Pioneer Listing of FGN Eurobond on FMDQ Wins BusinessDay 2017 Award for Most Innovative in the Financial Market Operationalisation of FMDQ Clear Launch of the FMDQ New Building - Exchange Place Q-ex/S4 integration Go-Live Maiden FMDQ GOLD Awards British Prime Minister visits FMDQ FMDQ Registered by SEC Introduction of FMDQ s Flagship Daily Quotations List Licencing of Dealing Member (Banks) Commencement of Quotation of Nigerian Treasury Bills & CPs Release of FMDQ CP Quotation Rules & Process FMDQ Partners with PenCom towards Improved Governance Admission to ASEA and ICMA MOU Execution with NMRC Launch of FMDQ Academy FMDQ Clear Registered by SEC SEC Approval of FMDQ Sukuk Listing Rules Launch of Private Companies Bonds Noting Service Attained Affiliate Exchange of the WFE Launch of Nigerian Green Bond Market Development Programme Admitted as an Affiliate Member of IOSCO Launch of FMDQ-Next - flagship Corporate Responsibility Programme FMDQ s 1 st Lustrum SEC Securities and Exchange Commission; WFE World Federation of Exchanges; ASEA: African Securities Exchanges Association; MOU Memorandum of Understanding; NIBOR Nigerian Inter-bank Offered Rate; DCMD Debt Capital Markets Development; 9 PenCom National Pension Commission; NMRC Nigeria Mortgage Refinance Company ;OTC Over-the-Counter; ICMA: International Capital Markets Association; FGN Federal Government of Nigeria; CP Commercial Papers; STB Short Term Bonds; S4 Scripless Securities Settlement System FX Foreign Exchange; IOSCO International Organisation of Securities Commissions

11 FMDQ s Footprints December 31, 2018; *Naira-Denominated Bonds/Sukuk (excluding Conventional FGN Bonds and FGN Savings Bonds) 10

12 Our Sustainability Agenda As a responsible citizen, with a global outlook that imbibes best practices, a healthy work culture and an ethical value system, FMDQ is committed to the triple bottom line of Economic, Social and Environmental Management, guided by our five (5) main Sustainability Pillars. Our Business Our Markets Our People Our Community Our Environment Sustainable economic growth and job creation Ethics & Governance Stakeholder Engagement Ethical procurement & supplier diversity Environmental, Social, and Governance (ESG) Disclosure & Reporting Sustainable financial products & services Sustainability Partnerships Employee Engagement Diversity & Inclusion Health & Safety Learning & Development FMDQ Club Financial market education and empowerment for our next generation Charitable Donations Corporate Responsibility Carbon Footprint Reduction Waste Management/ Recycling Renewable Energy 11

13 Corporate Responsibility and Diversity & Inclusiveness As a responsible securities exchange, FMDQ prides itself as an organisation that cares about the most vulnerable in society and one that continues to promote diversity and inclusiveness in the work place. Gender Diversity FMDQ Staff CSR 01 The FMDQ Staff CSR Initiative focuses on following four (4) categories 9% 50% 02 Executive Management Board Orphanages 54% Special Needs Centres 91% 50% Management 46% Staff Ethnic Diversity Youth Homes for the Rehabilitation Elderly Centres 43% All Staff 03 Funds are raised via: Auctions organised on all gifts received by employees Receipt of honorariums from FMDQ Management for participation in external engagements/support 04 \ 57% North East 0% North West 0% North Central 3% South West 63% South South 18% South East 16% 12 Men Women Staff Strength - 68 January 4, 2019

14 FMDQ s Flagship Corporate Responsibility Programme FMDQ Next Generation Financial Market Empowerment Programme (FMDQ-Next) is a learning and development initiative aimed at providing financial markets education and promoting financial literacy among the youth in Nigeria, thereby empowering the next generation of Nigerians to be financially astute, ultimately adding value to the society. Programme Overview Target Audience Primary Secondary Students University Fresh Graduates INITIATIVES Teach-a-Class Financial markets education sessions, trading simulation & apps Adopt-a-School Conducive learning environment for financial markets education Excursion & Tours Local and international visits to financial markets institutions Finance Clubs Interactive games, quizzes and competitions 13 Key Programme Benefits An understanding of the value of money, personal finance and strategies to create and manage wealth Extensive exposure to the workings of the financial markets and global market trends Ability to trade different instruments/securities in the financial markets Opportunities to learn directly and interact with financial markets participants

15 Leadership FMDQ, led by a strong Management team, and supported by dedicated employees with a wide array of talents, experiences and expertise, is positioned to becoming a High Performance Organisation (HPO). Executive Management Bola Onadele. Koko Managing Director/CEO Kaodi Ugoji Head, Corporate Development Directorate Business Executives Tumi Sekoni Head, Capital Markets Directorate Lanre Showunmi Head, Exchange Operations Directorate Emmanuel Etaderhi Head, Economic Development Division Jumoke Olaniyan Head, Market Architecture Division Emeka Atuma Head, Strategic Planning Division Shola Olufosoye Head, Information Technology Division Dipo Omotoso Head, Market Oversight Division Funlola Akintonde Head, Human Resources Division Feyi Akinbile Head, Academy Division Yimikah Bolo Ag. Managing Director/COO FMDQ Clear Limited Emmanuel Alao Managing Director/ COO iqx Consult Limited As at Jan. 4,

16 A Securities and Exchange Commission-registered Securities Exchange and Central Clearing House