Synthetic prime brokerage: Difference between revisions

Synthetic prime brokerage (view source)

461 bytes removed , 11 January 2022

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 A client can close out its [[synthetic equity swap]] in exactly the same way: it obtains a firm price from an executing broker, instruct the closure of the swap at that price, and indicate that the [[PB]] can sell its hedge to the [[executing broker]].
-{{box|
+===About give-ups===
-'''About give-ups''' <br>
+{{Equity give-up}}
-{{Equity giveup}}
+===Negotiation points===
-}}
+See our [[synthetic prime brokerage anatomy]] for common negotiation points.
-===Common, [[tedious]], points of dispute when negotiating a [[synthetic equity swap]] [[master confirmation]] ===
-*'''I want to be [[co-calculation agent]]''':
-*'''I want a right to dispute your calculations''': See “I want to be [[co-calculation agent]]”
-*'''You can change [[initial margin]] whenever you like? What’s ''that'' all about?'''
-*'''What do you mean you want a thirty day termination right?'''
-*'''[[Hypothetical broker-dealer]]. What’s ''that'' all about?''' (In brief: See Section [[871(m)]]).
-*'''Hang on. An [[indemnity]] for your tax risk? Are you serious?'''
 {{sa}}
+*[[Synthetic prime brokerage anatomy]]
 *[[Archegos]]
 *[[871(m)]] of the [[Internal Revenue Code of 1986]]