Frontier Clearing Corporation (“Frontclear”) is a company that aims to develop financial markets. Its main objective is to act as a catalyst to increase stability and inclusion on interbank markets in emerging and developing countries.
Frontclear facilitates access to financial markets for local institutions, at both the local and international levels, by issuing guarantees that cover the residual counterparty credit risk in interbank transactions. Through its technical assistance program, Frontclear also supports the development of skills and the creation of financial infrastructure in developing countries.
Frontclear supports the development of the economy by facilitating the creation of more liquid, more stable and more inclusive financial markets in emerging and developing countries:
- Frontclear allows small banks to access regional and international financial markets, which reduces their financing costs and thereby gives them the means to manage their risk.
- This subsequently allows these banks to allocate financing to their SME clients in a more responsible manner.
This information is given at the time of signature, without prejudice to any developments in the operation/project