Platforms

Bourse Africa’s business comprises:

A Pan-African derivatives exchange, central counterparty clearinghouse and depository platform: :

Futures and options contracts on African currencies and commodities – agriculture, energy, metals, minerals and other commodities – as well as other asset classes
Traded via Bourse Africa’s pan-African futures market, located in Botswana
Initial product suite comprises USD-denominated cash-settled contracts on currency pairs and commodities contracts on cocoa, cotton, crude oil, maize and gold; Africa-deliverable or cash-settled against an appropriate African benchmark, per market requirement
A broad array of hedging, investing and arbitrage possibilities for African and international users.

A network of national and regional multi-asset derivatives and commodity spot exchanges, central counterparty clearinghouses and depository platforms:

Multi asset derivatives: Local currency-denominated derivatives contracts on national or regional assets - commodity, currency and other asset classes
Commodity spot: Contracts for immediate delivery on African commodities – agriculture, energy, metals, minerals and other commodities
The network provides powerful synergy to: (i) fast track market development into national and regional markets through cross-marketing and inter-exchange liquidity flow, (ii) to reduce transaction costs to globally competitive levels, and (iii) to reap technical and operational synergies through common utilisation of a shared technology hub.
Each exchange is fully localised, with supervision by the national regulator, trading national or regional assets with local delivery, cleared by a nationally-domiciled clearinghouse via banks present in the local market.
Venues for hedging, investment and arbitrage on national and regional assets, backed by powerful procurement and delivery solutions through the commodity spot exchange, which adds a disciplined and guaranteed settlement cycle to organise and enhance the physical markets.

Bourse Africa will also provide end-to-end solutions for management of the physical commodity along the value chain, improving efficiency and facilitating improved access to finance, including warehouse receipts, market information and capacity building solutions.