Bank of Uganda, CSD (DEPO/X)

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Bank of Uganda, CSD (DEPO/X)

On January 28, 2014 the Bank of Uganda CMA launched DEPO/X solution for Central Securities Depository. The new solution integrates 27 online-participants (6 Primary Dealers and 21 Commercial Banks) and about 6 thousand investors. All existing information (dating back to 2005) has been transferred from the old system into the new one, thus providing a possibility to issue a historical data report in the new system at any time. New DEPO/X solution provides for various types of auctions (e.g. IPO, REPO, Reverse REPO) and operations (such as DVF, DVP, Horizontal REPO, Vertical REPO, Reverse REPO, LIEN, Lombard). The system is interlinked with the existing RTGS (Real Time Gross Settlement) system in the Bank.

Status: The system went into live operation in January 2014 according to the project schedule.

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