Terms of business: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{a| | {{a|brokerage|}}If you are a [[broker-dealer]], your basic terms for handling orders and stuff. The theory is that [[TOB]]s are mostly harmless — only 97 pages long, of course — and [[broker]]s bang them out at the inception of the relationship expecting that, if the client even notices them at all, they get stuck in a draw and no-one ever thinks about them again. The last thing anyone wants is for the client to send the TOBs to legal. | ||
This can happen. Indeed, a client’s reaction to its broker’s [[terms of business]] is a pretty good gauge of how badly in need of streamlining its [[legal]] department is. In these austere times it is quite a comfort to see that cost cutting hasn’t hit all of the [[mediocre lawyer]]’s favourite habitats. | This can happen. Indeed, a client’s reaction to its broker’s [[terms of business]] is a pretty good gauge of how badly in need of streamlining its [[legal]] department is. In these austere times it is quite a comfort to see that cost cutting hasn’t hit all of the [[mediocre lawyer]]’s favourite habitats. |