What is give up broker?

In a give-up agreement, an executing broker places a commodity or security trade on behalf of another broker. It is called a "give up" because the broker executing the trade gives up credit for the transaction on the record books.

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Pima Arizona Exchange Agreement, Brokerage Arrangement

Name: Pima Arizona Exchange Agreement, Brokerage Arrangement
Brand: US Legal Forms
Rating: 4.87 (331 reviews)

Category:

Loans and Lending - Brokers

State:

Multi-State

County:

Pima

Control #:

US-134045BG

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Instant download

Description

A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate. A broker is an intermediary who connects a seller and a buyer to facilitate a transaction. Individuals or legal entities can act as brokers.

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FAQ

Use the Authorized Representative Declaration (Power of Attorney) (Form 151) to authorize the Michigan Department of Treasury (Treasury) to communicate with a named individual or entity acting on your behalf.

A prime brokerage agreement is a contract between an investment bank and a large client, such as a hedge fund. Through this agreement, the bank provides special services to the client in exchange for its prime brokerage fees.

The executing broker earns a commission on the buy-sell spread and passes along the execution to the settlement and clearing group of the prime brokerage. Executing brokers will send the trade to be "filled," but it is a clearing broker that "settles" the trade, whether for its own account or a corresponding firm.

The prime brokerage makes money by charging a fee, such as a spread or premium on the loan from a commercial bank, in return for facilitating the transaction. Another core service provided by prime brokers is that of trade clearing and settlement.

Prime Brokerage Clearance Services Agreement (Form 151) - January 12, 2012. An agreement between a clearing broker and a customer whereby the clearing broker clears prime brokerage transactions.

In a give-up agreement, an executing broker places a commodity or security trade on behalf of another broker. It is called a "give up" because the broker executing the trade gives up credit for the transaction on the record books.

Some of the largest prime brokers in the U.S. are investment banks, including Bank of America, J.P. Morgan, Goldman Sachs, and Citigroup. Even so, these services are highly sought after by clients and the best banks only accept the clients that are most likely to be beneficial to them over time.

An executing broker is a broker that processes a buy or sell order on behalf of a client, usually at a hedge fund. Executing brokers are usually middlemen who are housed under a prime brokerage service, which offers a one-stop-shop service for large active traders.

A prime brokerage agreement sets forth the terms and conditions purusant to which a prime broker will open and maintain accounts for margin, execution, clearing and settlement and custody for a client. Prime brokerage arrangements may also include securities financing.

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Foreign Investments. Forward Foreign Currency Exchange Contracts.Jobs 1 - 10 of 204 — This position is in the Fleet Services Department. Prime broker of trade details. See "Risk Factors—Risks Related to our Business—We may incur additional costs or delays in completing the construction of certain of our electric. Real estate brokers are required to use Commission approved contracts and forms as appropriate to a transaction or circumstance. Trade arrangement between the UK and the members of NAFTA. Foreign Investments. Forward Foreign Currency Exchange Contracts. Jobs 1 - 10 of 204 — This position is in the Fleet Services Department.

Prime broker of trade details. See “Risk Factors—Risks Related to our Business—We may incur additional costs or delays in completing the construction of certain of our electric. Real estate brokers are required to use Commission approved contracts and forms as appropriate to a transaction or circumstance. Trade arrangement between the UK and the members of NAFTA. 27 Certain other information contained in this communication, including any information relating to historical developments or trends within the markets described herein and any such information relating to our or our other entities' business or financial performance, may not be suitable for distribution or disclosure by us, or any of our subsidiaries, or to be relied on by any person, in the ordinary course of their private lives, such that a potential investor should not consider such information in such a manner.

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Pima Arizona Exchange Agreement, Brokerage Arrangement

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