Tunisie Clearing: Modernisation of Central Securities Depository (CSD)

Overview
Project Summary Document

TCRS 1830

Status TC Com approved

Location

Tunisia

Business Sector

Financial Institutions

Notice Type

Public

PSD Disclosed

04 May 2016

Project Description

Tunisie Clearing has requested the EBRD to provide technical assistance to develop its domestic Central Securities Depository (CSD) infrastructure. This TC Project proposes to provide the Client with (i) Scoping, Procurement and Implementation Support and (ii) Acceptance Testing Support to facilitate the introduction of a new CSD system in Tunisia. This TC Project will ensure that the new CSD model is appropriately scoped, meets international requirements and is efficiently implemented and tested. This is not a transactional TC, and therefore, the Client will contribute Euro 1 million for the procurement of the necessary hardware and software components.
CSDs play a central role in the financial/ capital market infrastructure by providing investors with certainty with regard to custody arrangements, settlement processes & finality and asset segregation.

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 1830

Status TC Com approved

Location

Tunisia

Business Sector

Financial Institutions

Notice Type

Public

PSD Disclosed

04 May 2016

Project Description

Project Objectives

The objectives of the project are to 1) modernise the CSD infrastructure in Tunisia, 2) reduce existing vulnerabilities that could lead to systemic risks to the wider financial system, and 3) promote the evolution of the Tunisian capital markets and facilitate the introduction of new financial instruments and actors.

TC Recipient Information

Tunisie Clearing is the recipient of the TC. Tunisie Cearing is the sole Central Securities Depository and Settlement Securities System in Tunisia. It was established in 1994 under public law following a significant reorganisation of Tunisia’s financial market and its capital is equally held by brokers and seven local banks. It is under the regulatory control of the Financial Market Authority, whose mission is to organize and ensure the proper functioning of securities markets.

Project Cost

€ 350,000

Funding Summary

EBRD’s Special Shareholders Fund (SSF)

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Tunisie Clearing: Modernisation of Central Securities Depository (CSD)

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Project Objectives

TC Recipient Information

Project Cost

Funding Summary

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)