Seychelles Securities Exchange
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Clearing and Settlement

The Compliance and Surveillance division ensures that the clearing services for AfriClear approved securities are conducted in an orderly, fair, efficient and transparent manner.

AfriClear acts as a central counter party (CCP) to all matched trades executed on the Trop-X exchange, which are matched on a pre-validated basis. AfriClear undertakes the buyers’ credit risks and assumes the sellers delivery risk, thereby reducing risk for executing participants.