MAROCLEAR Glossary: Key Terms in Finance and Securities Management

Principle of the settlement of transactions at Maroclear which means that cash settlement occurs simultaneously with the delivery of securities.

Securities previously included in the transaction securities transferred either because the holding period has become longer than three months or because the intentions of the bank have changed.

There is a public call for savings in the event of trading in a security (share, bond, etc.) on the stock market or any other regulated market, or in the event of the issue or sale of securities to of the general public (confirm) by resorting to subscription, sale or exchange.

The Central Depository reconstitutes pairs of instructions that go together. The two instructions are matched if one is a receipt and the other a delivery, according to matching criteria which must be identical for both instructions: title, quantity, amount, negotiation date, settlement date .