Seychelles Securities Exchange

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.