MAROCLEAR Glossary: Key Terms in Finance and Securities Management

Externally remote information system capable of taking over in the event of a major disaster on the main site.

Permanent comparison of orders entered directly by the brokerage companies in the electronic quotation book held by a central computer: this establishes a balance price, then serves the orders "as they happen", c 'that is to say as they arrive.

Expression applying to a security processed without the advertised coupon. The holder of a value processed ex-coupon cannot enjoy the rights attached to the coupon.

The general meeting may be convened at the request of the company's management or a group of shareholders. It is called upon to rule on changes to capital, status and any operation likely to modify the constitution of capital or the current operations of the company.