Contact us on 0700 CALL CSCS (0700 2255 2727) or [email protected]

REQUEST FOR PROPOSAL: FUND MANAGER FOR THE SETTLEMENT GUARANTEE FUND

As the premier Financial Markets Infrastructure in Nigeria, Central Securities Clearing System Plc (CSCS) clears and settles capital markets transactions consummated on various marketplaces, including the NSE, FMDQ, NASD and LCE. In addition to the subsisting risk mitigants that ensure the clearing and settlement process is default-proof, CSCS established the Settlement Guarantee Fund (SGF) as a last resort residual default risk mitigation mechanism. Currently, the fund size of the SGF is a modest N133million but capital market stakeholders intend to increase the fund size exponentially, towards strengthening the capacity of the Fund to serves its purpose.

Consequently, CSCS is seeking a reputable asset management firm with proven track record of adroit institutional fund management over the long term (“the Project”). Given your firm’s pedigree and well-established record of performance, we are delighted to invite you to submit Technical and Financial Proposals for the Project.

  • Technical Proposal: should be concise (three pages maximum) and include details about your methodology for investment decision making, investment team, track record, investment fund products, etc.
  • Financial Proposal: should be concise (one page maximum) and include proposed fee regime – fixed and variable/performance components, as may be applicable.
  • Deadline: Close of business, Thursday, 02 December 2021.
  • Contact: Please forward any enquiries and your submission to [email protected].

We thank you for your kind cooperation in the above regard and look forward to receiving your feedback soonest.