Kenya
2018-2019 | Market infrastructure advisory guarantee facility
2017 | USD 25m cross-currency repo
2017 | Legal and regulatory system advisory repo market reform
2016 | USD 25m cross-currency repo and first title transfer
2016 | Regulator Roundtable clearing and settlement
2016 | Regulator Roundtable repo product and GMRA enforceability
2016-2018 | Financial knowledge full training programme
Ghana
2019 | USD 40m cross-currency repo first best practice GMRA
2019 | Financial knowledge advanced training programme
2019 | Legal and regulatory system advisory Repo Market Guidelines
2019 | Market infrastructure advisory settlement process
2018 | USD 40m cross-currency repo (TRS structure) first FOP transfer
2018 | Regulator Roundtable repo and bond market development
2016-2017 | Financial knowledge full training programme
Ivory Coast
2016 | Financial knowledge training derivatives and ISDA
Nigeria
2019 | USD 40m cross-currency repo
2019 | USD 15m cross-currency swap
2018 | Market infrastructure advisory central clearing development
2017 | USD 50m cross-currency repo
2017 | USD 75m cross-currency repo
2017 | Market infrastructure advisory central clearing feasibility
2016 | USD 15m cross-currency swap
Rwanda
2017 | Financial knowledge training fixed income
Tanzania
2018 | USD 5m cross-currency swap onshore
2018 | Regulator Roundtable repo market reform
2017 | Financial knowledge full training programme
Uganda
2019 | Market infrastructure advisory guarantee facility development
2019 | Legal and regulatory system advisory review and reform
2019 | Regulator Roundtable money market matters
2016-2018 | Financial knowledge full training programme
Zambia
2019 | Legal and regulatory system advisory review and reform
2018 | Regulatory Roundtable repo market structures
2017 | USD 5m NDF
2016-2017 | Financial knowledge full training programme
Armenia
2019 | USD 4.4m repo transaction
2018-2019 | USD 13.5m equivalent AMD cross-currency repo transactions
2018 | Market infrastructure advisory Money Market Diagnostic Framework
Azerbaijan
2019 | Market infrastructure advisory Money Market Diagnostic Framework
Belarus
2019 | Market infrastructure advisory Money Market Diagnostic Framework
Mongolia
2019 | USD 20m back-to-back cross-currency swap
2019 | Market infrastructure advisory Money Market Diagnostic Framework
2019 | Market infrastructure advisory trading system
2019 | USD 30m back-to-back cross-currency swap
2018 | Regulator Roundtable money market reform
2018 | Financial knowledge training repo product and GMRA
2018 | USD 30m cross-border collateral swap
Morocco
2019 | Market infrastructure advisory Money Market Diagnostic Framework
Georgia
2019 | USD 30m NDF
2017 | Legal and regulatory system advisory repo market reform
2017 | Financial knowledge training repo product and GMRA
2017 | Regulator Roundtable repo and GMRA
Viet Nam
2018 | Financial knowledge training derivatives market regulation
2017 | Financial knowledge training derivatives market development
Egypt
2019 | USD 40m cross-currency repo transaction
2019 | Market infrastructure advisory Money Market Diagnostic Framework
2018 | USD 40m cross-currency repo transaction
Turkey
2017 | USD 50m cross-currency repo transaction
Costa Rica
2019 | USD 2m NDF
2019 | Financial knowledge training deep dive derivatives
2019 | Financial knowledge training ISDA documentation
2019 | Regulator Roundtable derivatives and ISDA
Dominican Republic
2017 | Legal and regulatory system advisory cross-border repo accounting
Ecuador
2019 | Financial knowledge training repo product and GMRA
2019 | USD 20m cross-border repo transaction
Honduras
2019 | Regulator Roundtable ISDA and GMRA enforceability
2017 | Regulator Roundtable repo market reform
Frontclear is strategically focused on building stable and inclusive money markets by committing long-term and adapting activities for each market. As a conceptual guideline stemming from Frontclear experience to-date, our Impact Strategy can be divided into 3 evolutionary stages: 1) Opening; 2) Mid-development and 3) End-target.
The Impact Strategy reflects the complementarity and interoperability of Frontclear’s two key activities: 1) financial guarantees; and 2) capacity development (technical assistance). A nascent money market may require a 7-10 year commitment from Frontclear to support the development of stable and inclusive money markets.
Frontclear and multiple global and local stakeholders, are dependent on one another to deliver development value to money markets. As a trusted, neutral money market leader, we have built and continue to expand on this capacity to mobilize private, public and not-for-profit sector institutions towards this cause.
value for obligor banks
- (inter)national connectivity through new and re-established banking relationships
- improved ability to manage liquidity
- reduced cost of funding
- better risk management and ALM
- opportunities to expand knowledge and skills
value for beneficiary banks
- market development for future business
- capital relief under Basel III IRB
- reduced legal and operational risk
- profitability of transactions
- tangible stewardship role
value for regulators
- more liquid, stable and inclusive money market
- better monetary policy transmission
- improved price discovery and development of risk mitigating products
- reduction of legal uncertainty
- opportunities to expand knowledge and skills
value for investors
- a strengthened local capital market for FI clients
- collaborating to build money market expertise
- supporting more robust and shock resistant financial systems
- participating in a proven blended finance facility
- ROI and development impact
implementing partners
It wouldn’t be possible to do this without the brokering services, knowledge and expertise and funding from additional parties to support transactions and the money market environment.
working with frontclear
“Frontclear is delivering stakeholder value to all its counterparties and partners and together, we are making money markets work for the real economy. We’re keen to expand this network to deliver greater impact.”
—Philip Buyskes, CEO frontclear
USD 576m guaranteed | USD 985m mobilized | USD 620m blended
example transactions
core activities
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Financial knowledge trainings completed
42
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Legal and Regulatory Advisory services provided
15
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Market Infrastructure Advisory services provided
19
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Research produced
3
highlights
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1413 participants across 42 trainings (47% tiers 2 and 3 bank and 22% regulator participation)
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29 regulator and industry partnerships
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97% confirm “The activity contributed to your skills, knowledge and/or awareness”
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340 citings in global and local media and events
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16 TA country strategies based on full capital markets analyses
