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2005 ISDA Master Give-Up Agreement: Difference between revisions
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Here is a copy of the [[Media:2005 ISDA Master Give-up Agreement.docx|2005 ISDA Master Give-Up Agreement]]. | Here is a copy of the [[Media:2005 ISDA Master Give-up Agreement.docx|2005 ISDA Master Give-Up Agreement]]. | ||
This is an agency agreement whereby a prime broker client (called the "{{isdaprov|Designated Party}}") may enter transactions under an {{isdama}} with an executing broker (called the "{{isdaprov|Dealer}}") on behalf of the {{isdaprov|Designated Party}}'s {{isdaprov|Prime Broker}}. There is never a principal-principal contract between the {{isdaprov|Designating Party}} and the {{isdaprov|Dealer}}. | |||
Compare that to the cash equity give-up process, where the prime broker client seeks a price indication from the executing broker, but never transacts any trade at all, but rather instructs its prime broker to do so. | |||
{{isdaanatomy}} | {{isdaanatomy}} | ||