FSD Africa
room Riverside Green Suites
arrow_back See all Activities

Frontier Clearing Funds (Frontclear) - Grant

IATI Identifier: KE-RCO-155081-FrontclearTechnicalAssistance

Published on IATI
  • date_range Feb 15, 2016 - Mar 31, 2024
  • autorenew Implementation (Status)

FCF aims to improve interbank liquidity in developing markets. It achieves its goals by providing USD guarantees for counterparties in certain interbank transactions. Guarantees are extended against collateral denominated in local currencies, which is often not considered acceptable collateral for interbank trades (especially given more stringent requirements under new Basel II/III regulation for OTC transactions). Apart from increasing access to capital for banks who need capital to on-lend to their clients, FCF will have the effect of strengthening financial markets by making it easier for banks to manage risks and by increasing the professionalism and transparency of financial markets in developing countries through, for example, the use of globally accepted, standardised transaction documentation. FCF is a market-based, demand-driven solution: it will be a profit-making business.

more_horiz
Sectors:
  • Formal sector financial intermediaries

Participating Organisations

Stitching Frontclear Foundation Accountable

Transaction

Transaction Value Provider
Receiver
Type Date
200,000 GBP Provider N/A Receiver N/A Disbursement
date_range Mar 01, 2022

Budget

333,302 USD
  • 250,000 GBP (Valued at Mar 01, 2022)
    date_range Mar 01, 2022 - Feb 01, 2023
access_time Updated on Apr 27, 2023 12:25:18