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Prime brokerage agreement disclosure annex: Difference between revisions
Prime brokerage agreement disclosure annex (view source)
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The famous [[prime brokerage disclosure annex]] mandated by CASS {{cassprov|9.3}}. Note especially the second part, which refers explicity to the [[CF10a]]’s personal responsibility for making sure everything is tickety-boo. Which will mean your local [[CF10a]] might be inclined, almost imperceptibly, to obsess madly about your catalogue of [[prime brokerage disclosure annexe]]s at every waking moment (yours or {{sex|his}}). | |||
Here's a summary: | |||
{{Nuts|CASS|9.3}} | {{Nuts|CASS|9.3}} | ||
And here's the whole thing: | |||
{{casssnap|9.3}} | {{casssnap|9.3}} | ||
But check the original souce: {{handbook|CASS|9|3}} | |||
====Discussion==== | ====Discussion==== | ||
Note strictly speaking you only need a [[PBDA]] if you are rehypothecating client assets. If you don't custody assets, or you have no right to transfer them, you don't need to supply an annex. | Note strictly speaking you only need a [[PBDA]] if you are rehypothecating client assets. If you don't custody assets, or you have no right to transfer them, you don't need to supply an annex. | ||
{{cassanatomy}} | {{cassanatomy}} | ||