Latest news


Posts Tagged partnerships

Frontclear support to developing local money markets in Zambia

LUSAKA, 08 January 2019 – Amid further demand for interbank and money market development in Zambia, Bank of Zambia (BoZ) and Frontclear Management B.V. joined forces to develop an optimal regulatory and legal environment as well as conducive market infrastructure.

Due diligence and discussions between Frontclear, Bank of Zambia and other local market participants confirmed the need for further technical assistance. With the legal and regulatory review on enforceability of ISDA/GMRA in Zambia as a priority, Frontclear agreed to review the new Insolvency Act and relevant laws and regulations and benchmark these against international best practice, and come up with an action plan detailing necessary legislative actions and other recommendations. Frontclear successfully completed a similar initiative in African and other jurisdictions. Frontclear and BoZ will jointly host a market wide conference early this year to sensitize the market participants on the results of this legislative study.

Additional options are also being considered that include the introduction of a Money Market Development Framework diagnostic tool.

“We are delighted to support the development of local money markets in Zambia. With the help of our regional and global partners, we are confident that the partnership will lead to Zambia’s capital markets gaining further depth and liquidity and thus supporting economic growth and poverty alleviation,’’ Philip Buyskes, CEO of Frontclear, noted.

Frontclear has played an active role in the Zambian interbank market, having conducted training programs to local banks on a range of topics that include legal documentation for derivatives and repo (ISDA/GMRA), products (fixed income/derivatives) and risk management. Its partnership with ACI Zambia has delivered free training activities to over 150 participants from local banks in 2016 and 2017.

Posted in: News

Leave a Comment (0) →

ODI Fellowship Scheme signs Frontclear as newest partner

Partnership expected to enhance public sector knowledge on money and interbank markets

AMSTERDAM and LONDON, 05 December 2018 – Development finance company Frontclear Management B.V. partnered with Overseas Development Institute (ODI) Fellowship Scheme to expand its network of market experts and leaders that provide capacity development to regulators in selected emerging markets and developing countries.

Signing as ODI Fellowship Scheme´s newest partner, Frontclear and ODI will work together to strengthen the capacity of regulators and other institutions relevant to the development of local money markets, by responding to requests for the placement of young experts. Both parties will co-sponsor the financial needs to realize a placement, with Frontclear additionally bringing in its money market experience and network and ODI its proven ability to source and effectively post qualified fellows.

The partnership called ‘ODI/Frontclear Fellowship’ will upgrade local capacity in target beneficiaries through additional expertise in money market development, with the end goal of building an inclusive interbank market in these countries. A minimum of five fellows will be funded annually to work in Frontclear’s countries of operations, spanning Asia, CIS, Africa and Latin America.

“The ODI/Frontclear Fellowship offers great opportunity for our beneficiaries to gain from ODI´s innovative approach and solutions to institutional limitations in the public sector and Frontclear´s expertise in removing barriers to interbank market transactions. Banking on our combined footprint in our target markets, I am confident we could make a great impact to the countries where our fellows will be posted,” according to Ingrid Hagen, Frontclear Vice-President Strategic Projects.

ODI is an independent, global think tank, working for a sustainable and peaceful world in which every person thrives. It harnesses the power of evidence and ideas through research and partnership to confront challenges, develop solutions, and create change.

ODI Fellowship Scheme, which has been active since 1963, provides high poverty, low income countries with junior economists and statisticians of high caliber to fill in the gap in local capacity. These fellows are normally designated in the ministries of finance or planning and in some cases, in the ministries of trade and industry, regional integration, agriculture, environment, water, health and education. The partnership with Frontclear expands on this base by integrating money market specialization in their portfolio as well as central banks as counterparties.

“The ODI Fellowship Scheme provides capacity to developing country governments in economics and statistics where gaps in local capacity exists. The target beneficiaries for this partnership with Frontclear can employ high caliber economists to improve their ability to strengthen the understanding and capacity of money market regulators.” Robin Sherbourne, Head of ODI Fellowship Scheme, said.

The initiative is part of Frontclear Technical Assistance Programme (FTAP) Partnership Facility, which mobilizes financial support from regional and global bank and other financial institutions to deliver much-needed capacity development programs tailored to the needs of emerging and frontier markets.

“Participating in this initiative would mean creating lasting impact to local money markets of our beneficiaries, thereby contributing to the overall development of these countries. Frontclear remains committed to rallying regional and global support for this unique endeavor,” Hagen concluded.

For more information on the program, visit or download the ODI_FELLOWSHIP_LEAFLET_2019-DIGITAL (1).


Posted in: News

Leave a Comment (0) →

Frontclear and ABN AMRO Clearing team-up to address clearing infrastructure challenges in emerging and frontier markets

Partnership to support best practice in clearing and settlement

AMSTERDAM, 12 November 2018 – On 12 November, a Memorandum of Understanding was signed by Frontclear, the development finance company, and ABN AMRO Clearing, a leading global clearing firm. This MoU highlights their shared commitment to address clearing and settlement challenges in emerging and frontier markets in Africa, Asia and Latin America.

ABN AMRO Clearing agreed to provide project and institutional review recommendations as well as knowledge and advisory services on clearing and settlement infrastructure. The clearing firm pledged support to Frontclear research on innovations and developments in clearing and settlement structures and systems, including blockchain.

“This partnership with ABN AMRO Clearing supports our growing footprint on catalyzing stable and inclusive interbank markets in emerging and developing countries. We welcome a leading global clearing and financial services provider like ABN AMRO Clearing as a technical assistance partner. Their involvement holds a massive opportunity for our beneficiaries in target countries to upgrade current clearing and settlement understanding, knowledge and facilities,” noted Ingrid Hagen, Vice President Strategic Projects at Frontclear.

Frontclear draws from its proven track record supporting interbank transactions and building relationships with stakeholders and beneficiaries in developing and frontier markets. Its network includes key officials in central banks, capital markets authorities, stock exchange and commercial banks in the mentioned jurisdictions.

To-date, Frontclear has trained over 900 obligors and regulators in over 13 countries, developed 11 technical assistance country strategies based on full capital markets analyses, signed 10 official partnerships with local regulatory agencies and market associations, and has issued over USD 240 million in guarantees on transactions with USD 490 million in notional.

“ABN AMRO Clearing wants to lead the way to safe and transparent markets, as the need for dependable, stable, accessible markets is greater than ever. We are taking our societal responsibility to the next level by teaming up with Frontclear as a complementary partner. We commit to making our staff available to support initiatives that make local interbank markets in emerging and developing countries more transparent and efficient. This will result in enhanced access to financing for local small and midsized companies.” said Vicky Sins, Global Director Corporate Hedgers and responsible for the Global Sustainability Program at ABN AMRO Clearing.

The Frontclear and ABN AMRO Clearing partnership will be officially introduced to ABN AMRO’s global network in an official event on 12 November 2018 in Amsterdam.

Posted in: News

Leave a Comment (0) →