Angola’s securities clearinghouse starts operating in second half

19 June 2015

Angola’s Securities Clearinghouse will start operating in the second half of the year, said Thursday in Luanda the chairman of the Debt and Stock Exchange ​​(Bodiva), António Furtado.

The chairman of Bodiva also said the process of listing companies (banks, distribution companies and brokers) was underway so tat they can become settlement and trading members through the first trading platform that set up in December 2014 and in May trading began.

“The first bank registered as a trading and settlement member is Banco de Fomento Angola, which is the only bank so far, leading the whole negotiation process within the Treasury Bonds registration market,” he said.

He said that banks such as Millennium and BAI, had also started operating and that are number of others that are listed were expected to start operating in the Treasury registration market soon.

The Securities Clearinghouse is responsible for structuring, managing and operating the system for registering and controlling all securities issued and/or trade in Angola. (macauhub/AO)