Prime brokerage services - FCA Rulebook Term

From The Jolly Contrarian
Jump to navigation Jump to search

prime brokerage services: 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.}}

Section prime brokerage services

View Template


Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.