FMDQ Group, Frontclear Deepen Partnership to Promote Cross-Border Money Market Transactions

• Aimed at fostering greater financial market integration across Africa and beyond

In furtherance of its earnest commitment to fostering market development and strengthening the financial markets, FMDQ Group PLC (“FMDQ Group” or the “Group”) is pleased to announce the execution of a landmark partnership agreement with Frontier Clearing Corporation B.V. (“Frontclear”), formalised at a signing ceremony (the “Ceremony”) held on June 12, 2025, in Amsterdam, Netherlands.

Frontclear, a development finance institution focused on creating stable interbank markets in emerging economies, has consistently displayed commitment to long-term, systemic impact, and this is evident in its support for reforms and capacity-building initiatives across multiple jurisdictions, exemplified through strategic partnerships.

It is therefore no surprise that Frontclear has partnered with FMDQ Group towards fostering innovation in the Nigerian financial markets and beyond. By providing credit guarantees and technical assistance, Frontclear mitigates risks in interbank transactions, enabling financial institutions to access liquidity and build trust, thereby promoting efficient market functioning, transparency and financial stability.

As market activities and cross-border transactions become increasingly complex, the need for a credible and trusted clearing house has grown even more vital. At the core of this initiative is FMDQ Group, which, through its wholly owned subsidiary, FMDQ Clear Limited (“FMDQ Clear”), is positioned to deliver efficient, end-to-end clearing and third-party collateral management services, providing the critical infrastructure to support the safe execution of these cross-border trades.

FMDQ Clear plays a critical role in maintaining market integrity and reducing systemic risk within Nigeria’s financial system. By acting as the central counterparty for every transaction, FMDQ Clear effectively manages post trade risks, ensuring transactional safety, operational efficiency, and regulatory compliance, thereby enhancing investor confidence.