Prime brokerage services - FCA Rulebook Term

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.