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Prime brokerage done with derivatives. So instead of buying some shares on [[margin]] and asking your | Prime brokerage done with derivatives. So instead of buying some shares on [[margin]] and asking your [[prime broker]] to hold them for you, you just trade a total return swap with your prime broker. The PB will buy the shares and hold in its own inventory. | ||
You will be exposed to the price of the assets, but will not have any control or ownership. This can sometimes lead to disappointment when it comes to [[voting]] and [[corporate actions]]. | You will be exposed to the price of the assets, but will not have any control or ownership. This can sometimes lead to disappointment when it comes to [[voting]] and [[corporate actions]]. | ||
{{anat|eqderiv}} | {{anat|eqderiv}} |