The Adjustment Process registers and controls trade adjustments by order-giving custodians based on contract notes produced by brokerage firms for each trade execution. At the same time it prepares for settlement. Outflows from this process are known as SBI flows (Brokerage Firm Intermediary flows).
The Markets Process processes trades executed by brokerage firms on markets organised by the Casablanca Stock Exchange. Outflows from this process are known as ISB flows (Inter-Brokerage Firm flows).
The Closing Process ensures the simultaneous delivery of securities against cash payment after the checking intermediaries' balance. It is placed the supervision of Maroclear, the central depositary.