|Equities||Corporate bonds||Government bonds|
|Settlement and custody||Maroclear||Maroclear||Maroclear|
Please see buy-in practices below. A cash default resolution may also occur.
Counterparties have until SD+6 to settle failed trades. Failing that, buy-in procedures can be activated on SD+7. The exchange undertakes the buy-in, with securities priced at +6% for equities and +2% for debt instruments. The difference is paid by the defaulting broker. Buy-ins settle three days after the buy-in trade.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Supported by its financial strength, BMCI Securities Services leverages the industry’s best practices and understanding combined with unparalleled local connectivity to deliver efficient securities services.
We offer local custody to domestic and foreign institutions. Our core services include settlement, safekeeping, corporate actions, tax and proxy services, cash and collateral management.
BMCI Securities Services was established in 2009 as a joint venture between BNP Paribas Securities Services and BMCI (Banque Marocaine pour le Commerce et l’Industrie), the major Moroccan bank. A team of 13 highly-qualified and experienced professionals provides clients with custom-made solutions to accompany their growth strategy.
For more information contact your relationship manager or
Mr. Badr Sadouk, Head of Sales and Relationship Management