MAROCLEAR Glossary: Key Terms in Finance and Securities Management

Account opened for financial transactions (allocations, subscriptions, etc.) in the name of the centralizer intended to temporarily register new securities pending their distribution between the account-keeping establishments.

Held by each custodian, it is served on a chronological basis for all entries affecting its securities accounts and those of the holders registered with it. It is referenced by the name of the account or accounts that are affected.

Regime which subjects all affiliates to the operations of the Central Depositary at the time of their registration in an account with Maroclear, as mentioned by the general regulation of registration in an account and approved by decree of the Minister responsible for finance.

Refers to a rapid purchase and sale operation on the same value, during the same day in a short interval.