Prime brokerage services - FCA Rulebook Term: Difference between revisions

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(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...")
 
(Replaced content with "{{fullanat|fca|prime brokerage services|}}")
 
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{{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 comprises each of the following: <br>
{{fullanat|fca|prime brokerage services|}}
:(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) stock lending;
::(iv) stock borrowing;
::(v) entering into repurchase or reverse repurchase transactions; <br>
and which, in addition, may comprise consolidated reporting and other operational support.}}

Latest revision as of 13:43, 24 April 2018

prime brokerage services: 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.}}

Section prime brokerage services

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