LSEG Extends Partnership with Moroccan CSD

The London Stock Exchange Group (LSEG) will expand the services it provides to market participants based in Morocco following the signing of an agreement with the country’s central securities depository (CSD).

As part of the agreement Maroclear, Morocco’s CSD, has signed an assisted registration partnership with LSEG for the allocation of legal entity identifiers (LEIs) for the Moroccan market.

Furthermore LSEG’s CSD, Monte Titoli, will provide its Moroccan counterpart access to the European settlement securities infrastructure, allowing clients of Maroclear to settle cross-border trades in Europe and grants them access to the TARGET2 Securities (T2S) regime when it goes live in June 2015.

“This extension of our partnership with Moroccan market infrastructure providers represents another important step for new business and investment opportunities across North West and Central Africa,” says Xavier Rolet, CEO, LSEG.

“By expanding the range of capital markets services available to Moroccan institutions and market participants, we can ensure economic ties between the UK, Europe and the region are further strengthened.”

In June this year, the LSEG signed a strategic agreement with the Casablanca Stock Exchange (CSE) to expand activities in North Western and Central African regions.