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Prime Brokerage Anatomy™

There is no industry standard prime brokerage agreement, so this is not so much an anatomy as a collection of resources about an amorphous subject.
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Owner’s Manual Index — Click the ᐅ to expand:

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Confusingly, “margin” can mean different things:

Prime brokerage

In the context of PB, margin could be:

  • The total value of assets the prime broker requires its client to hold in excess of its total liabilities
  • The prime broker’s general right to set and adjust that limit and call for additional assets at any time.

Return of excess margin