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EGUS - CCP: Difference between revisions
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*'''What is EGUS''': EGUS is the FIA Electronic Give-Up Agreement System. It is a web-based system designed to allow executing and clearing brokers, traders and customers to execute the {{tag|FIA}} International Uniform [[Give-Up | *'''What is EGUS''': EGUS is the FIA Electronic Give-Up Agreement System. It is a web-based system designed to allow executing and clearing brokers, traders and customers to execute the {{tag|FIA}} International Uniform [[Give-Up]] Agreement electronically. | ||
*'''Do you have to be a member of {{tag|FIA}} to participate?''': No. EGUS is open to all parties to give-up agreements regardless of membership in FIA. | *'''Do you have to be a member of {{tag|FIA}} to participate?''': No. EGUS is open to all parties to give-up agreements regardless of membership in FIA. | ||
*'''Why did FIA take on this project?''': {{tag|FIA}}/{{tag|FOA}} conducted a study to determine what projects could be undertaken by the industry as a whole to improve operational efficiency. Give-ups were the most frequently mentioned area in which firms could work together to improve the process and reduce costs. Even before the study took place, {{tag|FIA}} divisions were working on ways to reduce the inefficiencies in executing give-up agreements and improving the fee collection process. The FIA board felt that the FIA should take on the project rather than allowing a third-party vendor to develop the system so that the industry could control the design, development and costs of maintaining and running the system. | *'''Why did FIA take on this project?''': {{tag|FIA}}/{{tag|FOA}} conducted a study to determine what projects could be undertaken by the industry as a whole to improve operational efficiency. Give-ups were the most frequently mentioned area in which firms could work together to improve the process and reduce costs. Even before the study took place, {{tag|FIA}} divisions were working on ways to reduce the inefficiencies in executing give-up agreements and improving the fee collection process. The FIA board felt that the FIA should take on the project rather than allowing a third-party vendor to develop the system so that the industry could control the design, development and costs of maintaining and running the system. | ||