Bank of Uganda Launches Upgraded Central Securities Depository System on World Backup Day
March 31, 2025
Kampala, Uganda – March 31, 2025
On World Backup Day, the Bank of Uganda (BoU) successfully launched the upgraded version of its Central Securities Depository (CSD) system, reinforcing its commitment to operational resilience, financial transparency, and digital modernization. The new system strengthens Uganda’s financial market infrastructure and introduces advanced functionalities tailored to support the country’s evolving capital and monetary markets.
The enhanced CSD is fully SWIFT-compatible, supporting both V- and Y-shaped settlement models, and is now seamlessly integrated with the Uganda Securities Exchange (USE) - enabling automated settlement for both primary and secondary market transactions. This integrated architecture ensures improved efficiency, reduced settlement risk, and enhanced interoperability across the market.
The system now supports liquidity operations, repurchase agreements (repos), and other monetary policy tools, giving the central bank expanded flexibility in managing systemic liquidity. Additionally, the platform includes a Beneficial Ownership model, aligning with global standards on transparency and compliance with anti-money laundering (AML) frameworks.
One of the major innovations in this upgrade is the launch of the Retail Investor Module (RIM) - a secure investor portal that gives individuals direct online access to their securities portfolios, transaction records, and entitlements. The RIM is designed to increase transparency, promote financial literacy, and facilitate inclusive investor participation in the government securities market.
“We are proud to support the Bank of Uganda in achieving this important milestone,” said Bulat Nizamov, Director of Capital Markets Products at CMA. “The new system represents a modern CSD platform with advanced features such as repo handling, SWIFT integration, and real-time investor access via the RIM. It provides a strong foundation for Uganda’s financial market growth and alignment with global post-trade standards.”
The go-live on World Backup Day reflects the central bank’s emphasis on system resilience, data protection, and long-term market reliability as Uganda continues to digitize and expand its financial infrastructure.
About the Bank of Uganda
The Bank of Uganda is the central bank of the Republic of Uganda. It is responsible for implementing monetary policy, regulating the financial sector, managing the country’s official reserves, and issuing currency. BoU also operates the national CSD for government securities and is actively investing in the modernization of its market infrastructure.
