The settlement engine behind African capital markets
The ContiSX Central Securities Depository settles the securities leg while PAPSS clears the cash leg in local currency on central-bank rails — atomic delivery-versus-payment, with T+0 finality, across the continent.
Two legs, settled as one
Every cross-border trade has a securities leg and a cash leg. The CSD and PAPSS bind them into a single atomic settlement — neither moves without the other.
ContiSX CSD
The depository holds the security in custody, locks it for the trade, and delivers it to the investor's sub-account the instant the cash leg is confirmed.
- Segregated custody & safekeeping
- Lock & match against confirmed cash
- Immediate, legal finality
PAPSS
The Pan-African Payment & Settlement System clears the cash in local currency, netting the FX and settling between central banks in central-bank money.
- Local-currency debit & credit
- Central-bank settlement
- Multilateral FX netting
Settlement-grade infrastructure
The guarantees that let an investor in Nairobi own a Lagos-listed bond with the same certainty as a domestic trade.
Atomic delivery-versus-payment
Securities and cash move together or not at all — eliminating principal and settlement risk.
Central-bank money
The cash leg settles between central banks through PAPSS — final and irrevocable, not commercial-bank IOUs.
Local-currency rails
Investors pay and are paid in their own currency. No offshore USD account, no correspondent chain.
T+0 finality
Trades settle the same day, in seconds, with immediate and legal finality on the depository.
Multilateral netting
PAPSS nets flows across the continent, collapsing gross FX and slashing settlement cost.
Custody & safekeeping
Securities are held in your CSD sub-account under SEC-regulated custody and segregation.
A trade, end to end
From order to T+0 finality — and the round-trip back on exit.
- 1Investor
Order placed
An African investor buys a security listed on ContiSX, priced and held in local currency.
- 2Local bank
Cash leg
Funds are debited in the investor's local currency from their own bank account.
- 3PAPSS
PAPSS routing
PAPSS nets the FX and settles between central banks in central-bank money.
- 4ContiSX CSD
DvP lock
The CSD locks the security and matches it against the confirmed cash leg.
- 5Finality
Settlement · T+0
Securities credit to the investor's sub-account — final and irrevocable.
- 6Exit
Round-trip
On maturity, proceeds remit back to the same local bank account via PAPSS.
Settle across Africa, from your own account.
Open a CSD account, hold securities, and settle cross-border in local currency with T+0 finality.