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) |
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| 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) |
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| 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. |
