 BACK
OFFICE
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| All
administrative and support procedures for processing stock-market trades
(order confirmation, cash settlement, delivery of securities) carried
out by the dealing room of a financial intermediary.
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| BALANCE
SHEET
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| A
financial statement that summarises a company’s assets, liabilities
and shareholders’ equity at a specific point in time.
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| BLOCK-TRADE
MARKET
|
| Trading
of shares listed on the Casablanca Stock Exchange but executed outside
the Central Market. The OTC or direct sale market was abolished in
favour of the Block-trade Market.
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| BOND
|
| A
bond is a debt security issued by a company. Its owner (bond holder) is
a simple creditor and not a shareholder. The bond holder is entitled to
receive regular payments (interest) during the term of the loan and to
be repaid the principal when the loan matures. The bond’s time to
maturity will be the same as that of the loan.
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| BROKERAGE
FIRMS
|
| Company
exercising a stock-market brokerage activity within the monopolistic
framework governed by law.
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