Hedge fund/proprietary trader: Difference between revisions
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One of {{t|ISDA}}’s vaunted {{tag|netting}} categories. | {{a|netting|}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories. | ||
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{{Hedgefundproprietarytrader}}}} | {{Hedgefundproprietarytrader}}}} | ||
You may see this category excluded from [[Netting opinion|netting opinions]] in jurisdictions where you might expect to see it — ({{t|Ireland}}, for example. This is likely to be because a “[[hedge fund]]” or a “[[proprietary trader]]” is not recognised as a discrete and meaningful category of [[legal entity]] in that jurisdiction — rather, it will count as a corporation or an investment fund — rather than because entities in that jurisdiction which happen to be [[hedge fund|hedge funds]] can’t [[net]]. | You may see this category excluded from [[Netting opinion|netting opinions]] in jurisdictions where you might expect to see it — ({{t|Ireland}}, for example. This is likely to be because a “[[hedge fund]]” or a “[[proprietary trader]]” is not recognised as a discrete and meaningful category of [[legal entity]] in that jurisdiction at all — rather, it will count as a [[corporation]] or an [[investment fund]] — rather than because entities in that jurisdiction which happen to be [[hedge fund|hedge funds]] can’t [[net]]. | ||
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*[[ISDA netting categories]] | *[[ISDA netting categories]] | ||
Revision as of 10:20, 14 May 2021
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Netting resources
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One of ISDA’s vaunted netting categories.
Hedge fund/proprietary trader: A legal entity, which may be organized as a corporation, partnership or in some other legal form, the principal business of which is to deal in and/or manage securities and/or other financial instruments and/or otherwise to carry on an investment business predominantly or exclusively as principal for its own account.
You may see this category excluded from netting opinions in jurisdictions where you might expect to see it — (Ireland, for example. This is likely to be because a “hedge fund” or a “proprietary trader” is not recognised as a discrete and meaningful category of legal entity in that jurisdiction at all — rather, it will count as a corporation or an investment fund — rather than because entities in that jurisdiction which happen to be hedge funds can’t net.