Post on 18-Jul-2020
Corporate Profile
July 2020
1
2
Content
FMDQ Group Corporate Overview1.
Corporate Statements
FMDQ’s Strategic Role
Our Business Services
2.
3.
4.
5.
Group Franchise Objectives
Collaborative Relationships
FMDQ’s Milestones & Footprints
Our Sustainability Agenda
7.
8.
6.
Leadership9.
3
NSE Consult
6%
BanksCBN 66%
FMDA
FMDQ Group
12%
16%
Corporate OverviewFMDQ Holdings PLC (FMDQ Group or FMDQ), is Africa’s first verticallyintegrated financial market infrastructure (FMI) group, strategicallypositioned to provide seamless trading, clearing, settlement, riskmanagement, and depository of financial market transactions, as well asdata and information services, across the debt capital, foreign exchange,derivatives and equity markets, through its wholly owned subsidiaries –FMDQ Securities Exchange Limited, FMDQ Clear Limited, FMDQDepository Limited, FMDQ Private Markets Limited and iQx Consult Limited.
OTC - Over-the-counter; CBN – Central Bank of Nigeria; FMDA – Financial Markets Dealers Association; NSE – The Nigerian Stock Exchange; SEC – Securities and Exchange Commission, Nigeria
FMDQ Exchange
FMDQGroup
100%
FMDQ Exchange,registered by SEC as anOTC Market (2012), andas a Securities Exchange(2019), focuses onorganising the financialmarkets and creating aplatform for theregistration, listing,quotation, trading andreporting of securities andfinancial products.
FMDQ Clear, the onlycentral clearing housein Nigeria, wasregistered by SEC inNovember 2017, tofunction as a clearingand settlementcompany in theNigerian capital market,and is positioned todeliver centralcounterparty services.
FMDQ Clear
FMDQGroup
100%
FMDQ Depository wasregistered by the SECin May 2019 and ispositioned to functionas a centralinfrastructure forsettlement andservicing of financialinstruments traded,thereby reducingoperational risk andimproving efficiency.
FMDQGroup
FMDQ Depository
100%
FMDQ Private Markets,incorporated inFebruary 2020, is anorganised hub whereprivate companies,including largecorporates and small-and medium-sizedenterprises, can raisedebt and equity capitalin the Nigerian capitalmarket.
FMDQ Private Markets
FMDQGroup
100%
iQx Consult
FMDQGroup
100%
iQx Consult,incorporated inAugust 2017, is abusiness andcorporate solutionsvehicle, with afocus ontechnologyinnovationsenabling FMDQ’smarkets andbusinesses thrive.
Chart1
Banks
CBN
FMDA
NSE Consult
Ownership Structure
66
15.6
12.3
6.5
Sheet1
Ownership Structure
Banks66
CBN15.6
FMDA12.3
NSE Consult6.5
4
Franchise ObjectivesEfficient platform for theregistration, listing,quotation, noting*, tradingand reporting of securitiesacross all product lines – fixedincome, foreign exchange,derivatives, funds, equities,Islamic finance, etc.
World-class Central Clearing House(CCH), with robust risk waterfallsupported by settlementguarantee fund, and stronggovernance & risk frameworks toclear products in the cash, reposand derivatives markets, positionedto integrate Central Counterparty(CCP) services in the near future.
As a vertically integrated FMI Group, FMDQ operates the largest Exchange in Nigeria focused on fixedincome, currencies and derivatives with an average annual market turnover of circa $643 billion over thelast six (6) years, as well as the only Central Clearing House, and one of the Depositories in the country.
Execute STP STP
*Via FMDQ Private MarketsSTP – Straight-through-Processing
Financial market infrastructures (FMIs)with settlement systems that ensurefinality, certainty and irrevocabilityof settlement across all products tradedand cleared on FMDQ’s platform, aswell as depository services formitigation against operational risksassociated with maintaining financialinstruments.
ClearCCH CCP
Settle
FMDQ Exchange FMDQ Clear FMDQ ClearFMDQ Depository
5
FMDQ’s business models are product innovation and operational excellence driven by its “GOLD” Agenda
Our VISION Our CORE VALUES
Our MISSION
To be the leading Africanbuilder of ecosystems offinancial infrastructure andservices for markets.
We collaborate toempower markets foreconomic progresstowards deliveringprosperity.
Global Competitiveness
Operational Excellence Liquidity Diversity
Corporate StatementsFMDQ Group was established on the foundations of strong governance and principled values that areevident in a culture of excellence, integrity and a strong collaborative disposition.
Teamwork and Collaboration
Value-Adding
Integrity
Innovation
FMDQ Group
6
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
Market Organiser
OrganisedMarkets
Post-trade Services
Housing and Infrastructure Capital
Championing innovative measuresand frameworks to enhancegovernment revenue, access tocapital and financial markets
Advocating global best practices
Promoting innovative private sector-ledsolutions to the nation’s housingchallenge
Projecting the debt capital market asthe key source of finance forinfrastructure development
Catalyst for Infrastructure Capital Financial Markets Diplomat
Adviser to Government & Regulators
Promoting Nigeria as the investmentdestination in Africa
Disseminating unbiased financialmarkets information
Sustainable Finance
Advocacy Advisory
IntegrationWith ExternalMarkets
Foreign Capital
Sustainability
FMDQ’s Strategic Role in the Ecosystem
7
Business ServicesFMDQ Group provides a range of business services in fulfilment of its market development, organiserand governance mandates, whilst addressing the needs and adding value to its diverse stakeholdergroups.
With a strategic mandate to transform the Nigerian financial markets, FMDQ Group has championedthe introduction of several innovative market development initiatives to the Nigerian financial markets.
Collateral Management
Registrations, Listings & Quotations
Clearing & Settlement
Market Connectivity
Data & Information Memberships
Market Governance & Regulation
Asset Servicing
Private Companies’
Bonds Noting
8
Collaborative Relationships…
Sustainable Finance
LegendMarket DevelopmentMedia
HousingFinancial Market Risk Management
9
2013 2015 2016 201720122011 2014
SEC Approval of FMDQ Exchange Bond Listing &
Quotation Rules
Release of FMDQ Exchange CP
Quotation Rules & Process
Licencing of Dealing Member
(Banks)
FMDQ Exchange Incorporated
FMDQ Exchange Registered
by SEC
Introduction of FMDQ Exchange’s
Flagship Daily Quotations List
Launch of FMDQ
Commencement of Listing of FGN & Corporate Bonds
Commencement of Quotation of
Nigerian Treasury Bills &
CPs
Admission to ASEA
and ICMA
NIBOR Reform
Attained Affiliate Exchange of
the WFE
Wins BusinessDay 2017 Award for Most
Innovative in the Financial Market
Pioneer Listing of FGN
Eurobond on FMDQ Exchange
SEC Approval of FMDQ Exchange
Sukuk Listing Rules
SEC Approval of STB Rules & Process
Launch of Naira-settled OTC FX Futures Market
Launch of FMDQ
Academy
FMDQ Exchange
Partners with PenCom towards
Improved Governance
Launch of
DCMD Project
MOU Execution with NMRC
FMDQ Clear
Registered by SEC
SEC – Securities and Exchange Commission; WFE – World Federation of Exchanges; ASEA: African Securities Exchanges Association; ICMA: International Capital Markets Association; FGN – Federal Government of Nigeria; MOU – Memorandum of Understanding; NIBOR – Nigerian Inter-bank Offered Rate; DCMD –Debt Capital Markets Development; CP – Commercial Papers; STB – Short Term Bonds; S4 – Scripless Securities Settlement SystemPenCom – National Pension Commission; NMRC – Nigeria Mortgage Refinance Company ;OTC – Over-the-Counter; FX – Foreign Exchange; IOSCO – International Organisation of Securities Commissions, ISDA – International Swaps and Derivatives Association; FC4S – Financial Centre for Sustainability
Launch of FMDQ Exchange Price Ticker Tape on Channels TV
Launch of Private Companies’
Bonds Noting Service
2018
Operationalisation of FMDQ Clear
Launch of Nigerian Green Bond Market
Development Programme
Q-ex/S4 integration
Go-Live
Launch of the FMDQ New Building -
Exchange Place
Admitted as an Affiliate Member
of IOSCO
Launch of FMDQ-Next -flagship Corporate
Responsibility Programme
British Prime
Minister visits FMDQ
FMDQ’s 1st Lustrum
Maiden FMDQGOLD Awards
2019
FMDQ’s Milestones
Admission to ISDA
Incorporation of FMDQ
Depository Limited
Listing of first
CorporateGreen Bond
FMDQ DepositoryRegistered
by SEC
Appointment as the FC4S Lagos Secretariat
Operationalisation of FMDQ
Depository
Nigerian Capital Markets
Conference & GOLD Awards
Launch of FC4S Lagos
10
FMDQ’s Milestones…/2FMDQ’s Milestones
2020
Reorganisation of FMDQ into a Holding Company Structure –FMDQ Holdings PLC, Comprising: FMDQ Securities Exchange Limited FMDQ Clear Limited FMDQ Depository Limited FMDQ Private Markets Limited
FMDQ Exchange Receives Statementof Compliance to IOSCO’s Principlesfor Financial Benchmarks AFEX Commodities Exchange
and FMDQ Sign MoU to Promote Product Innovation for Nigeria’s Capital Market
CBN and FMDQ IntroduceLong-Dated OTC FX FuturesContracts for up to 5 Years
9th Nigerian Senate Committeeon Capital Market Visits FMDQ
Admission of the Largest Corporate Bond and Largest Commercial Papers on FMDQ Exchange and Depository:
₦100.00bn Dangote Cement PLC Bond; & ₦100.00bn MTN Nigeria Communications
PLC Commercial Paper
IOSCO – International Organisation of Securities Commissions MoU – Memorandum of Understanding
11
₦233 trillion ($643 billion)
59 Bonds/Sukuk (excl. Eurobonds) valued at over
₦1.17 trillion ($3.00 billion)
36 Registered CommercialPaper Programmes,
valued at over
₦2.68 trillion($6.90 billion)
226 Quoted Commercial Papersvalued at
₦1.83 trillion($4.70 billion)
Over 420 Listed/Quoted Federal Government of Nigeria Debt Securities valued at about
₦73.39 trillion($262.69 billion)
Global Standards
Benchmarks: Nigerian Autonomous Foreign Exchange Fixing (NAFEX)
Nigerian Inter-bank Offered Rate (NIBOR)
Nigerian Inter-bank Treasury Bills’ True Yield Fixing (NITTY)
African Securities Exchanges Association (Full Member) World Federation of Exchanges (Affiliate) International Organisation of Securities Commissions (Affiliate Member) International Capital Markets Association (Member) International Swaps and Derivatives Association (Associate Member)
Over
$47 billionOTC FX Futures Traded(circa $35 billion settled)
Circa
193 Membersacross the Nigerian financial marketaverage annual market turnover
FMDQ’s Footprints
Figures as at June 30, 2020
12
Sustainability Pillars
Our People
Carbon Footprint Reduction
Waste Management/Recycling
Renewable Energy
Our EnvironmentOur Community
Financial market education and empowerment for our next generation
Corporate Philanthropy
Employee Volunteering
Our Markets
Employee Engagement
Diversity & Inclusion
Health & Safety
Learning & Development
FMDQ Club
Environmental, Social, and Governance (ESG) Disclosure & Reporting
Sustainable financial products & services
Sustainability Partnerships
Our Business
Sustainable economic growth and job creation
Ethics & Governance
Stakeholder Engagement
As a responsible citizen, with a global outlook that imbibes best practices, a healthy work culture and an ethicalvalue system, FMDQ Group is committed to the triple bottom line of Economic, Social and EnvironmentalManagement, guided by our five (5) main Sustainability Pillars.
13
Corporate Responsibility and Diversity & Inclusiveness
Orphanages
03
01
Youth Rehabilitation
Centres
Special NeedsCentres
Homes for the Elderly
04
02
As a responsible corporate entity, FMDQ Group prides itself as an organisation that cares about the mostvulnerable in society and one that continues to promote diversity and inclusiveness in the work place.
Funds are raised via: Auctions organised on all gifts
received by employees Receipt of honorariums from
FMDQ Management forparticipation in externalengagements/support
Gender Diversity12%
88%
Staff Ethnic Diversity
FMDQ Staff CSRThe FMDQ Staff CSR Initiative focuses on following four (4)
categories
Group Board
Men Women
Staff Strength – 110
\
South West - 52%
South South - 19% South East - 23%
North East - 0%
North Central - 6%
North West - 0%
62%
Franchise Leadership
All Staff
Business Executives
56%
44%
67%
As at June 30, 2020
33% 38%
14
FMDQ Next Generation Financial Market Empowerment Programme (FMDQ-Next) is alearning and development initiative aimed at providing financial markets education andpromoting financial literacy among the youth in Nigeria, thereby empowering the next generation ofNigerians to be financially astute, ultimately adding value to the society.
Programme Overview
FMDQ’s Flagship Corporate Responsibility Programme
Primary SecondaryUniversityFresh Graduates
Students
Target Audience
Initiatives
Teach-a-Class Financial markets education sessions, trading simulation & apps
Adopt-a-SchoolConducive learning environment for financial markets education
Excursion & ToursLocal and international visits to financial markets institutions
Finance ClubsInteractive games, quizzes and competitions
An understanding of the value of money, personalfinance and strategies to create and managewealth
Opportunities to learn directly and interact withfinancial markets participants
Ability to trade different instruments/securities inthe financial markets
Extensive exposure to the workings of the financialmarkets and global market trends
Key Programme Benefits
15
FMDQ Group, led by a strong Management team, and supported by dedicated employees with a wide arrayof talents, experiences and expertise, is positioned to becoming a High Performance Organisation (HPO).
Bola Onadele. KokoChief Executive Officer FMDQ Group
Tumi SekoniManaging DirectorFMDQ Exchange
Kaodi UgojiGroup Chief Operating OfficerFMDQ Group
Leadership
Ayodele Onawunmi Ag. Managing DirectorFMDQ Clear
Executive Committee
16
Leadership../2
Adaze Uzor-KaluHead, External RelationsFMDQ Group
Efe ShaireHead, Business InnovationFMDQ Group
Dipo OmotosoHead, Information Services FMDQ Exchange
Funlola AkintondeHead, Human Resources FMDQ Group
Jumoke OlaniyanHead, Market Architecture FMDQ Exchange
Tayo BakareHead, Depository OperationsFMDQ Depository
Rotimi AdebiyiHead, Depository Services FMDQ Depository
Shola OlufosoyeHead, IT OperationsiQx Consult
Emmanuel AlaoChief Operating OfficerFMDQ Depository
Leke AdekoyaAg. Managing DirectoriQx Consult
Ebenezer NwojiAg. Head, Market OversightFMDQ Exchange
Business Executives
Oye OnwukaAg. Managing DirectorFMDQ Private Markets
Yemi OsinubiHead, Private CapitalFMDQ Private Markets
Thank you for your attention!
A n I n t e g r a t e d F i n a n c i a l M a r k e t I n f r a s t r u c t u r e G r o u p
Slide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18