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{{anat|PB}} | |||
“[[Reuse]]” is the right (typically held by a [[prime broker]]) to take assets that it holds in [[Custody asset - CASS Provision|custody]] for its clients and resell them, against an obligation to return [[equivalent]] assets on demand. It is like a kind of [[Stock lending|stock borrow]] facility, where the [[prime broker]] can help itself to the client’s assets, subject to pre-agreed contractual limits, usually including a limit to a certain percentage of the client's [[indebtedness]] — which can be as high as 140%, but is rarely higher — to the [[prime broker]]. | “[[Reuse]]” is the right (typically held by a [[prime broker]]) to take assets that it holds in [[Custody asset - CASS Provision|custody]] for its clients and resell them, against an obligation to return [[equivalent]] assets on demand. It is like a kind of [[Stock lending|stock borrow]] facility, where the [[prime broker]] can help itself to the client’s assets, subject to pre-agreed contractual limits, usually including a limit to a certain percentage of the client's [[indebtedness]] — which can be as high as 140%, but is rarely higher — to the [[prime broker]]. | ||
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===See also=== | ===See also=== | ||
*[[Rehypothecation]] | *[[Rehypothecation]] | ||