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*running a [[prime brokerage]] business, and holding in [[custody]] in particular, is an expensive business. If the [[prime broker]] can reuse assets it would otherwise have sitting in custody (either as [[collateral]] under its own [[securities financing]] programme) it can improve its [[balance sheet]] position and avoid [[custody]] charges. Both of these mean it can price its offering more attractively to the client. | *running a [[prime brokerage]] business, and holding in [[custody]] in particular, is an expensive business. If the [[prime broker]] can reuse assets it would otherwise have sitting in custody (either as [[collateral]] under its own [[securities financing]] programme) it can improve its [[balance sheet]] position and avoid [[custody]] charges. Both of these mean it can price its offering more attractively to the client. | ||
Note there is a world of difference between [[rehypothecation]] and agent lending, even though {{tag|UCITS 5}} threatens (vaguely) to regard them as [[22(7) - UCITS V Provision|different varieties of the same thing]]. | |||
===See also=== | ===See also=== | ||
*[[Rehypothecation]] | *[[Rehypothecation]] | ||
*Art {{ucits5prov|22(7)}} {{t|UCITS V}} | |||