MAROCLEAR Glossary: Key Terms in Finance and Securities Management

X-Franco

Application used for Free transfers and entries that are used for all intra-institution transactions linking up, or two clients of the same financial intermediary (whose assets are recorded in separate categories), the financial intermediary itself (operating on own account) and one of its clients.

X-Appari

Allows users to send their delivery against payment instructions to Maroclear between D and D+30 (J being the negotiation date).

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