Intermediate broker: Difference between revisions
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Of interest<ref>Professional interest, needless to say.</ref> because: | Of interest<ref>Professional interest, needless to say.</ref> because: | ||
*An [[intermediate broker]] it might prolong a clearing chain beyond the permissible number of links under {{tag|EMIR}} | *An [[intermediate broker]] it might prolong a clearing chain beyond the permissible number of links under {{tag|EMIR}} | ||
*It may present a [[risk-weighting problem to you under {{tag|CRR}} if you don't pass on all solvency relates losses as contemplated in Art 306(1)(c) of that glorious regulation | *It may present a [[risk-weighting problem to you under {{tag|CRR}} if you don't pass on all solvency relates losses as contemplated in Art {{crrprov|306(1)(c)}} of that glorious regulation. | ||
{{seealso}} | {{seealso}} | ||
Revision as of 16:23, 29 October 2018
In the world of exchange-traded instruments, a broker who occupies the dun netherworld between a client-facing executing broker and the exchange or CCP-facing clearing member. May or may not be affiliated with the executing broker.
Of interest[1] because:
- An intermediate broker it might prolong a clearing chain beyond the permissible number of links under EMIR
- It may present a [[risk-weighting problem to you under CRR if you don't pass on all solvency relates losses as contemplated in Art 306(1)(c) of that glorious regulation.
See also
References
- ↑ Professional interest, needless to say.