Rejected standardized BoEs
The ratio of rejected Standardized BoEs, which stood at 17.35 percent in number in 2015, is a serious cause of concern, given that throughout the 2011-2015 period, the rejection rate continued on the same trend with an average rate of 17.5%.
|BOEs REJECTION RATE (IN NUMBER)
|Furthermore, breakdown of rejections by grounds shows that over 90 percent of rejection cases are due to failure or insufficient funds.
|AVERAGE BREAKDOWN OF GROUNDS FOR REJECTION (BOE)
|To overcome these shortcomings, Bank Al-Maghrib constantly calls for setting up dissuasive measures in order to prevent payment incidents of Bills of Exchange, at maturity.