Abidjan, October 30, 2025 — The process of modernizing the regional financial market of the West African Economic and Monetary Union (UMOA) is taking a new step. The Board of Directors of the Central Securities Depository/Clearing Bank (DC/BR), meeting on Tuesday, October 21, 2025 in Abidjan under the chairmanship of Mr. Faman Touré, approved the regulatory provisions endorsing the transition from a settlement-delivery cycle of T+3 to T+2. The effective implementation of this reform is scheduled for next December.
This decision, authorized by the Financial Markets Authority of UMOA (AMF-UMOA), marks a major evolution towards a more modern and efficient post-market infrastructure.
A strategic step towards a more liquid and attractive market
The reduction of the settlement time for transactions aims to:
– strengthen market liquidity by allowing for a faster turnover of securities,
– reduce counterparty risks through a shorter settlement cycle,
– improve operational efficiency by aligning with international best practices,
– increase the attractiveness of the UMOA market, particularly among institutional and international investors.
The Board also adopted the terms and conditions related to late settlement, a necessary step to strengthen the post-market framework and secure operations.
This reform positions the BRVM in a dynamic comparable to that of major international financial centers that already operate on a T+2 basis, thus consolidating the competitiveness of the regional market at a time when investment flows are increasingly sensitive to the speed and security of settlements.
About the DC/BR
The Central Securities Depository/Clearing Bank (DC/BR) is a specialized financial institution of UMOA, based in Abidjan, Côte d’Ivoire. It ensures the centralized custody of securities for its members and guarantees the smooth running of post-market settlement-delivery operations. As a market infrastructure with a community mission, the DC/BR plays a key role in the stability, security, and efficiency of the regional financial market.
