View source for Prime broker - AIFMD Provision

Where a {{aifmdprov|prime broker}} has been appointed as [[sub-custodian]], it must provide to the {{aifmdprov|depositary}} of the {{aifmdprov|AIF}}, no later than the close of the next business day to which it relates, a statement in a {{fcaprov|durable medium}} which contains the following information:

*at the end of each business day, the total value of assets held by the {{aifmdprov|prime broker}} for the {{aifmdprov|AIF}}, including: 
**cash loans made to the {{aifmdprov|AIF}} and accrued interest; 
**securities to be redelivered by the {{aifmdprov|AIF}} under open short positions entered into on behalf of the {{aifmdprov|AIF}}; 
**current settlement amounts to be paid by the {{aifmdprov|AIF}} under any futures contracts; 
**short sale cash proceeds held by the prime broker in respect of short positions entered into on behalf of the {{aifmdprov|AIF}}; 
**cash margins held by the {{aifmdprov|prime broker}}in respect of open futures contracts entered into on behalf of the {{aifmdprov|AIF}}; 
**[[mark-to-market]] close-out exposures of any OTC transaction entered into on behalf of the {{aifmdprov|AIF}}; 
**total secured obligations of the {{aifmdprov|AIF}} against the {{aifmdprov|prime broker}}; and 
**all other assets relating to the {{aifmdprov|AIF}}.
*the value of other assets (i.e. not financial instruments) as collateral by the {{aifmdprov|prime broker}} in respect of secured transactions entered into under a prime brokerage agreement; 
*the value of the assets where the {{aifmdprov|prime broker}} has exercised a right of use in respect of the {{aifmdprov|AIF}}’s assets; 
*a list of all the institutions at which the {{aifmdprov|prime broker}} holds or may hold cash of the {{aifmdprov|AIF}} in an account opened in the name of the AIF or in the name of the {{aifmdprov|AIFM}}; 
*details of any other matters necessary to ensure that the {{aifmdprov|depositary}} of the {{aifmdprov|AIF}} has up-to-date and accurate information about the value of assets the safekeeping of which has been delegated to the prime broker.

====See:====
*{{aifmdprov|DR91}} reporting obligations for prime brokers

{{aifmdanatomy}}