MAROCLEAR Glossary: Key Terms in Finance and Securities Management

System for protecting financial information by making it unreadable to anyone other than those responsible using codes or keys.

Refers to the time limit set by Maroclear for banks and stock exchange companies to intervene in movements resulting from the collateral of securities. The latter must be made on the same day of the provision of funds by Bank Al-Maghrib.

Derivatives markets are markets on/in markets. They manage the risks associated with price, exchange rate or currency fluctuations.

Trade name for the second compartment of the stock exchange.