A Partnership that Counts

We leverage technology to offer a seamless onboarding process, multi-functional account structure, excellent user experience and real-time support

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CREATING THE ROADMAP FOR NIGERIA’S DERIVATIVES MARKET

Membership

The Clearing of derivatives transactions in NG Clearing Limited (the “Company”) is performed through the Clearing Members of the Company.

The Company shall grant access to its system to only persons who apply for membership, meet the admission requirements, and whose applications are approved by the Company following a satisfactory due diligence on the applicant.

Types of Membership

NG Clearing has 2 (two) categories of membership, determined by the applicable acting capacity:

Individual Clearing Member(ICM): – a Clearing Member who clears only its own proprietary
trades.
Professional Clearing Member (PCM): a Clearing Member who clears trades only for its clients and does not clear proprietary trades;

General Clearing Member (GCM): – a Clearing Member who clears its own proprietary trades and those of its clients

Interested institutions are invited to complete the Clearing Member application form and submit to the Company for due diligence and onboarding processing.

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