LSF and leading institutions establish a standardised Africa Triparty Repo basket
16 June 2025 Africa
Image: stock.adobe.com/hibrida
The Liquidity and Sustainability Facility (LSF) has established a standardised Africa general collateral triparty repo basket with BNY, Clearstream, Euroclear and J.P. Morgan.
The basket, featuring nearly 180 African sovereign and corporate international bonds, is designed to centralise liquidity in the interbank bond market, as well as improve securities pricing accuracy, risk management capabilities, and market transparency.
On top of its aim to reduce price volatility and strengthen collateral eligibility for securities, the initiative enables investors to seamlessly execute bespoke triparty repo transactions on this basket within a high-quality, liquid environment.
David Escoffier, CEO of the LSF Secretariat, comments: “We are proud to spearhead this initiative that rests on operational optimisation, partnerships with world-class financial firms, and financial innovation. Through this world-first coordinated approach, we're creating the conditions for concentrated, efficient liquidity in this asset class and building a vibrant interbank market for African repos.”
Professor Benedict Okey Oramah, president and chairman of the board of directors of the African Export–Import Bank (Afreximbank) and board member of the LSF, adds: "We fully support the LSF's objective to create a new financing paradigm for Africa — one that catalyses economic growth, drives sustained development, and attracts diversified investment from the global financial community at large."
The basket, featuring nearly 180 African sovereign and corporate international bonds, is designed to centralise liquidity in the interbank bond market, as well as improve securities pricing accuracy, risk management capabilities, and market transparency.
On top of its aim to reduce price volatility and strengthen collateral eligibility for securities, the initiative enables investors to seamlessly execute bespoke triparty repo transactions on this basket within a high-quality, liquid environment.
David Escoffier, CEO of the LSF Secretariat, comments: “We are proud to spearhead this initiative that rests on operational optimisation, partnerships with world-class financial firms, and financial innovation. Through this world-first coordinated approach, we're creating the conditions for concentrated, efficient liquidity in this asset class and building a vibrant interbank market for African repos.”
Professor Benedict Okey Oramah, president and chairman of the board of directors of the African Export–Import Bank (Afreximbank) and board member of the LSF, adds: "We fully support the LSF's objective to create a new financing paradigm for Africa — one that catalyses economic growth, drives sustained development, and attracts diversified investment from the global financial community at large."
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