Tag: Front Clear
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Fidelity Bank, Societe Generale conclude first GMRA cross-currency repo in Ghana with Frontclear
Fidelity Bank Ghana, Societe Generale and Frontclear, completed a USD 40-million repo trade, using Ghanaian Cedi government bond collateral. This trade is the first-ever Global Master Repurchase Agreement (GMRA)-documented trade in Ghana and has been made possible thanks to positive regulatory developments such as the recent Bank of Ghana’s ‘Guidelines for Repurchase Agreements in Ghana’…