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..."
 
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) stock lending;  
::(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.