Intermediate broker: Difference between revisions

Revision as of 09:24, 6 December 2020

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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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.

Revision as of 09:24, 6 December 2020 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary Tags: Mobile edit Mobile web edit ← Older edit		Revision as of 09:24, 6 December 2020 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary Tags: Mobile edit Mobile web edit Newer edit →
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	{{g}}In the world of [[exchange-traded instrument]]s, a [[broker]] who occupies the [[entropy\|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]].		{{g}}In the world of [[exchange-traded instrument]]s, a [[broker]] who occupies the [[entropy\|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<ref>Professional interest, needless to say.</ref> because:		Of interest<ref>Professional interest, needless to say.</ref> because: