83,743
edits
Template:Unallocatedtrades: Difference between revisions
Jump to navigation
Jump to search
Template:Unallocatedtrades (view source)
Revision as of 16:52, 14 September 2016
, 14 September 2016no edit summary
Amwelladmin (talk | contribs) (Created page with "Asset managers will often proudly declare that at no time, in no circumstances, can they ever be personally liable for transactions they instruct on behalf of their client...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
*If the manager has not disclosed the client′s identity to the dealer, as its agent the manager has two options. It can either: | *If the manager has not disclosed the client′s identity to the dealer, as its agent the manager has two options. It can either: | ||
**Disclose the [[principal]]′s identity (so the dealer can take it up with the principal directly), or | **Disclose the [[principal]]′s identity (so the dealer can take it up with the principal directly), or | ||
**Perform the [[principal]]’s obligations to the dealer on the principal’s behalf, as a good agent should (whereupon the manager can settle up with its client later – this is not the dealer′s concern). This | **Perform the [[principal]]’s obligations to the dealer on the principal’s behalf, as a good agent should (whereupon the manager can settle up with its client later – this is not the dealer′s concern). This is in fact performance of an agency role, but economically (from the dealer′s perspective) it is identical to a principal obligation.<br /> | ||
is in fact performance of an agency role, but economically (from the dealer′s perspective) it is identical to a principal obligation.<br /> | |||