Prime brokerage services - FCA Rulebook Term: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{box|a package of services provided under a prime brokerage agreement which gives a prime brokerage firm a right to use safe custody assets for its own account and which comp...") |
Amwelladmin (talk | contribs) m (Text replace - "stock lending" to "securities lending") |
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::(i) capital introduction; | ::(i) capital introduction; | ||
::(ii) margin financing; | ::(ii) margin financing; | ||
::(iii) | ::(iii) securities lending; | ||
::(iv) stock borrowing; | ::(iv) stock borrowing; | ||
::(v) entering into repurchase or reverse repurchase transactions; <br> | ::(v) entering into repurchase or reverse repurchase transactions; <br> | ||
and which, in addition, may comprise consolidated reporting and other operational support.}} | and which, in addition, may comprise consolidated reporting and other operational support.}} | ||
Revision as of 09:24, 3 February 2016
- a package of services provided under a prime brokerage agreement which gives a prime brokerage firm a right to use safe custody assets for its own account and which comprises each of the following:
- (a) custody or arranging safeguarding and administration of assets;
- (b) clearing services; and
- (c) financing, the provision of which includes one or more of the following:
- (i) capital introduction;
- (ii) margin financing;
- (iii) securities lending;
- (iv) stock borrowing;
- (v) entering into repurchase or reverse repurchase transactions;
and which, in addition, may comprise consolidated reporting and other operational support.