Client money bank: Difference between revisions

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Created page with "{{a|cass|}}A bank which holds client money — a bank account opened in the name of an agent of some kind — a solicitor, broker or some such — who oper..."
 
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{{a|cass|}}A [[bank]] which holds [[client money]] — a bank account opened in the name of an [[agent]] of some kind — a [[solicitor]], [[broker]] or some such — who operates it as [[trustee]] on behalf of its clients.
{{a|pb|}}A [[bank]] which holds [[client money]] — a bank account opened in the name of an [[agent]] of some kind — a [[solicitor]], [[broker]] or some such — who operates it as [[trustee]] on behalf of its clients.

Latest revision as of 16:04, 19 July 2024

Hedge Funds & Prime Brokerage Anatomy™
There is no industry standard prime brokerage agreement, so this is not so much an anatomy as a collection of resources about an amorphous subject.
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A bank which holds client money — a bank account opened in the name of an agent of some kind — a solicitor, broker or some such — who operates it as trustee on behalf of its clients.