Ghana Fixed Income MarketGhana Fixed Income Market

GHANA FIXED INCOME MARKET

  • Home
  • Listings
    • Outstanding Securities
      • Government
        • Bonds
        • Bills
        • Notes
      • Corporate
    • Benchmark Securities
  • Market Data

    GOG-Notes & Bonds

    • 2-Year Note
    • 3-Year Bond
    • 5-Year Bond
    • 6-Year Bond
    • 7-Year Bond
    • 10-Year Bond
    • 15-Year Bond
    • 20-Year Bond

    Corporate-Notes & Bonds

    • Corporate Notes & Bonds

    GOG-Bills

    • 91-Day Bill
    • 182-Day Bills
    • 364-Day Bills
  • Regulations
    • Membership Rules
    • Trading Rules
    • Clearing & Settlement Rules
    • Sanctions & Dispute Resolution
    • Fees, Taxes & Commissions
    • Admission or Listing Rules
  • Publications
    • Status Report
    • Press Releases
    • Financial Statements
  • About Us

Clearing & Settlement Rules

  • Home
  • Clearing & Settlement Rules

SETTLEMENT OBLIGATION

GFIM Dealing Member shall comply with the Clearing and Settlement Rules of the CSD as prescribed from time to time.

SETTLEMENT CYCLE

  1. All trades in securities listed on the GFIM shall settle on a T+2 cycle or as may be
    determined by the GFIM from time to time.
  2. A GFIM Dealing Member dealer may be permitted to settle a transaction on the basis of
    T+0 or T+1.

CASH SETTLEMENT

Funds or cash shall be settled at the Bank of Ghana.

SECURITIES SETTLEMENT

Securities settlement for transactions done on the GFIM shall be done using the depository
system of the Central Securities Depository Ltd.

DELIVERY VERSUS PAYMENT

  1. Settlement of transactions done on the GFIM shall be based on the principle of delivery
    versus payment.
  2. At the same time that cash settlement takes place, the settlement of securities shall also
    take place.

Yield Curve as at March 2022

{"type":"line","data":{"labels":[" 91-DAY "," 182-DAY "," 364-DAY "," 2-YEAR "," 3-YEAR "," 5-YEAR "," 6-YEAR "," 7-YEAR "," 10-YEAR "," 15-YEAR "," 20-YEAR "],"datasets":[{"label":"Yield","fill":false,"backgroundColor":"rgba(255,182,64,0.2)","lineTension":0.3329999999999999626965063725947402417659759521484375,"borderColor":"#ffb640","borderCapStyle":"butt","borderDash":[],"borderDashOffset":0,"borderJoinStyle":"miter","pointBorderColor":"#ffb640","pointBackgroundColor":"rgba(229,163,57,1)","pointHoverBackgroundColor":"#ffb640","pointHoverBorderColor":"rgba(229,163,57,1)","data":[14.1400000000000005684341886080801486968994140625,14.5099999999999997868371792719699442386627197265625,17.1099999999999994315658113919198513031005859375,11.1899999999999995026200849679298698902130126953125,14.2799999999999993605115378159098327159881591796875,16.969999999999998863131622783839702606201171875,21.1400000000000005684341886080801486968994140625,21.9200000000000017053025658242404460906982421875,21.480000000000000426325641456060111522674560546875,20.989999999999998436805981327779591083526611328125,21.489999999999998436805981327779591083526611328125],"spanGaps":false,"showLine":true,"steppedLine":false,"pointStyle":"circle","hidden":false,"borderWidth":2,"pointRadius":4,"pointHitRadius":3,"pointBorderWidth":1,"pointHoverRadius":5,"pointHoverBorderWidth":1}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)","beginAtZero":false},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"},"stacked":false}],"xAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)"},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"}}]},"legend":{"display":true,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#ffffff"}},"tooltips":{"enabled":true,"mode":"index","intersect":false,"bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["Yield: {y}"]

Outstanding Govt securities as at March 2022

{"type":"bar","data":{"labels":[" 91-DAY "," 182-DAY "," 364-DAY "," 2-YR "," 3-YR "," 4-YR "," 5-YR "," 6-YR "," 7-YR "," 10-YR "," 15-YR "," 20-YR "],"datasets":[{"label":"2022","borderWidth":1,"borderColor":"rgba(50,99,241,0.9)","hoverBorderColor":"#3263f1","backgroundColor":"rgba(50,99,241,0.95)","hoverBackgroundColor":"#3263f1","data":[10812583724,4074290762,7967350158,21858254128,28791421130,541360000,30584553807,10228524714,8924788805,16054860262,15698997347,1546755180],"hidden":false},{"label":"2021","borderWidth":1,"borderColor":"rgba(255,182,64,0.9)","hoverBorderColor":"#ffb640","backgroundColor":"rgba(255,182,64,0.95)","hoverBackgroundColor":"#ffb640","data":[10877484449,4212415985,5576977025,19065317301,30238426554,null,23820948281,5929310777,5733050671,13401768991,15239069221,538598098],"hidden":false}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(255,255,255,0.8)"},"gridLines":{"color":"rgba(255,255,255,0.16)","zeroLineColor":"rgba(255,255,255,0.48)"}}],"xAxes":[{"ticks":{"fontColor":"rgba(255,255,255,0.8)"},"gridLines":{"color":"rgba(255,255,255,0.16)","zeroLineColor":"rgba(255,255,255,0.48)"},"categoryPercentage":0.8000000000000000444089209850062616169452667236328125,"barPercentage":0.90000000000000002220446049250313080847263336181640625}]},"legend":{"display":true,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#ffffff"}},"tooltips":{"enabled":true,"mode":"index","bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["2022: {y}","2021: {y}"]

Quick Links

GFIM-LOGO
GSE-LOGO

(+233) 302-669-908/(+233) 302-669-935

[email protected]

  • FAQs
  • Ghana Master Repurchase Agreement
  • Application
  • Gfim Manual
  • Press Releases
  • Financial Statements
  • Licensed Dealing Members
  • Status Reports

© Copyright 2022 Ghana Stock Exchange. All Rights Reserved