The Moroccan finance circuit : the very simple version (well, almost)
how money flows around OPCVM funds
hover an actor to follow its flows, click to explore its page
tap the diagram to enlarge it, then pinch to zoom
The diagram links market players through their flows:
- money (fund subscriptions)
- dividends or capital gains
- manage (for fees)
- safekeeps the assets
- oversees the management company
- invests
- measure the market
- listing
- dividends / coupons
- regulates and protects
- settlement and delivery
- financial stability
- federates the SDGs
Investorsretail and institutional: they put their money into the funds
OPCVM fundsa box that pools money to investCasablanca Stock Exchangewhere funds buy and sell securitiesIndicesshow whether the market is up or downAsset managersthe SDG firms run the funds, for management feesCustodiansafekeeps the fund's assets and oversees the SDGIssuerscompanies and the State, issuing stocks and bondsAMMCthe regulator: supervises and protectsASFIMthe asset managers' associationMaroclearcentral securities depository: settlement and deliveryBank Al-Maghribcentral bank: watches over financial stability- Savers investRetail and institutional investors put their money into OPCVM funds.
- Investorsretail and institutional: they put their money into the funds
- OPCVM fundsa box that pools money to invest
- Investorsmoney (fund subscriptions)
- Investorsdividends or capital gains
- Asset managersthe SDG firms run the funds, for management fees
- OPCVM fundsmanage (for fees)
- Custodiansafekeeps the fund's assets and oversees the SDG
- OPCVM fundssafekeeps the assets
- Asset managersoversees the management company
- Funds put it to workOn the Casablanca Stock Exchange, in companies and the State.
- Casablanca Stock Exchangewhere funds buy and sell securities
- OPCVM fundsinvests
- Indicesshow whether the market is up or down
- Casablanca Stock Exchangemeasure the market
- Issuerscompanies and the State, issuing stocks and bonds
- Casablanca Stock Exchangelisting
- OPCVM fundsdividends / coupons
- Casablanca Stock Exchangewhere funds buy and sell securities
- Institutions secure itAMMC, Bank Al-Maghrib and Maroclear watch over and secure the circuit.
- AMMCthe regulator: supervises and protects
- Asset managersregulates and protects
- ASFIMthe asset managers' association
- Asset managersfederates the SDGs
- Maroclearcentral securities depository: settlement and delivery
- Custodiansettlement and delivery
- Bank Al-Maghribcentral bank: watches over financial stability
- Casablanca Stock Exchangefinancial stability
- AMMCthe regulator: supervises and protects
Savers invest
Retail and institutional investors put their money into OPCVM funds.
Funds put it to work
On the Casablanca Stock Exchange, in companies and the State.
Institutions secure it
AMMC, Bank Al-Maghrib and Maroclear watch over and secure the circuit.
