WHAT DOES DC/BR MEAN?
The acronym "DC/BR" stands for Central Depository/Settlement Bank SA. The DC/BR is one of the central structures of the regional financial market. It was established as a public limited company in 1996. The DC/BR is approved by the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA), the regulator of the regional financial market. Upon its approval, it enjoys the status of a Specialized Financial Institution.
On behalf of its members, its main missions are:
- The custody and circulation of securities admitted to its operations.
- The management of the settlement-delivery cycle.
- The cash payment, in its capacity as Settlement Bank, of balances resulting from the clearing of stock market transactions.
- The settlement to SGIs of dividends, interest, and the repayment of securities held.