As the premier Financial Markets Infrastructure in Nigeria, Central Securities Clearing System Plc (CSCS) clears and settles capital markets transactions consummated on various marketplaces, including the NSE, FMDQ, NASD and LCE. In addition to the subsisting risk mitigants that ensure the clearing and settlement process is default-proof, CSCS established the Settlement Guarantee Fund (SGF) as a last resort residual default risk mitigation mechanism. Currently, the fund size of the SGF is a modest N133million but capital market stakeholders intend to increase the fund size exponentially, towards strengthening the capacity of the Fund to serves its purpose.
Consequently, CSCS is seeking a reputable asset management firm with proven track record of adroit institutional fund management over the long term (“the Project”). Given your firm’s pedigree and well-established record of performance, we are delighted to invite you to submit Technical and Financial Proposals for the Project.
We thank you for your kind cooperation in the above regard and look forward to receiving your feedback soonest.