---
title: "Sika Financial Group: FX Settlement and Netting"
description: "Settle EM FX trades with PvP finality and multilateral netting—up to 80% gross-to-net reduction. Supports 30+ currency pairs incl KES, NGN."
canonical_url: "https://liners.com/sika-financial-group"
markdown_url: "https://liners.com/sika-financial-group.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/sika-financial-group/screenshot.webp?v=1785850221236"
published_at: "2026-07-20T14:18:47.265Z"
updated_at: "2026-09-15T10:48:50.039Z"
---

# Sika Financial Group: FX Settlement and Netting

Settle EM FX trades with PvP finality and multilateral netting—up to 80% gross-to-net reduction. Supports 30+ currency pairs incl KES, NGN.

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Sika Financial Group](/sika-financial-group)

## Summary

PvP FX settlement and multilateral netting for EM currencies

A central counterparty and multilateral FX netting platform that provides PvP settlement for central banks, banks, custodians, and corporate treasuries in emerging markets.

## Product details

| Field | Value |
| --- | --- |
| Website | https://www.sikafinancialgroup.com/ |
| Tagline | PvP FX settlement and multilateral netting for EM currencies |
| Primary country | Kenya |
| Platforms | Web, API |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

Sika Financial Group is a **central counterparty (CCP) FX settlement** and **multilateral netting** financial market infrastructure for central banks and institutional participants that trade emerging market currencies.

Key capabilities include:
- **CCP novation for FX trades**, interposing as the buyer to every seller and the seller to every buyer to replace bilateral exposures with a single managed relationship
- **Payment-versus-Payment (PvP) settlement finality**, where both legs of an FX transaction settle simultaneously or neither settles, reducing principal risk by design
- **Multilateral FX netting**, calculating net positions across participants and targeting up to **80% gross-to-net reduction** in settlement obligations
- **Institution connectivity options** via **Order Desk** (no integration required), a **browser-based Web Platform** for submission and monitoring, and **API integration** for straight-through processing with **ISO 20022 messaging compatibility** and a sandbox environment

Available via **Web Platform**, **Order Desk**, and **API integration**.

Target users include **central banks, commercial banks, custodians, brokers, corporate treasuries**, and other regulated institutional market participants.

Notable for emerging and frontier markets, the infrastructure focuses on currency pairs outside traditional PvP coverage, supporting **30+ emerging market currency pairs across Africa, the Middle East, Asia, and Latin America** (including African currencies such as **KES, NGN, GHS, ZAR, EGP, ETB**). It also publishes governance and risk materials and states alignment with the **CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI)**, alongside operational resilience targets such as **active-active infrastructure**, **RTO 2 hours**, and **RPO zero**, with Africa operations referenced under **No Objection Letters and/or local licensed partners** in jurisdictions including **Kenya, Nigeria, and Ethiopia**.

## Features

- [Fintech](/categories/fintech): Category
- [B2B](/tags/b2b): Product feature or technology
- [Cross-Border Payments](/tags/cross-border-payments): Product feature or technology
- [Enterprise](/tags/enterprise): Product feature or technology
- [Multi-currency](/tags/multi-currency): Product feature or technology
- [Kenya](/countries/kenya): Market
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/sika-financial-group/alternatives)
- [Reviews](/sika-financial-group/reviews)
- [Transparency](/sika-financial-group/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/sika-financial-group)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)