The issuing company or Registered shares in which

The
Moroccan ‘ economy is improving in these last decades due to the large number
of financial instruments existing within the constitution of the development of
monetary and financial structures. Therefore, the first financial instrument
existing is the stock which is an owner of property representing by a fraction
of the capital of a firm offering qualification to dividends and different
rights. These stocks can be held using two methods: either Bearer shares in
which the name of the owner is known to the financial intermediary but is not
communicated to the issuing company or Registered shares in which the name of
the owner is known to the issuing company.

 Secondly, there are bonds which can be subject
to a stock market issue, which allows the investor to resell his or her
borrowing bonds before maturity or buy new market bonds. Also, Obligations are
found in Morocco which are considered negotiable bonds that permit the
contractor to get the funds within a certain period of time, causing the
payment of interest and payment of the initial loan amount in accordance with
the issuance arrangements. Moreover, we find the Mutual Fund (FCP) which is a
shared ownership of securities which takes no legitimate personality and it is
managed by a fund management company acting on behalf of the owners. There’s
the OPCVM which is a financial institution whose vocation is the collection of
savings from investors to invest in securities according to well-defined
criteria.

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Another
financial instrument is the Securitization trust (FPCT) is a condo, not having
legal personality, whose sole object is to acquire debts of one or more
initiating institution, by means of the issue of units or debt securities.
Finally, the Venture Capital Funds Is an investment fund that aims to finance
small and medium-sized companies, mainly Moroccan and unlisted, through the
acquisition of capital and debt securities and through the granting of advances
from the current account to partners.

 

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