Common use of Prime Broker Clause in Contracts

Prime Broker. Only a credit institution, a regulated securities firm or some other entity which is subject to a regulatory regime and continuous supervision and which offers services to professional investors primarily to fi- xxxxx or execute transactions in financial instruments as the counterparty and which possibly offers other services such as transaction clearing and settlement, custody, securities lending and bespoke operational support technology and equipment may be appointed to act as the prime broker. A prime broker may be commissioned by the Depositary to act as a sub-depositaryor by the AIFM to act as a business partner.

Prime Broker. Only a credit institution, a regulated securities firm or some other entity which is subject to a regulatory regime and continuous supervision and which offers services to professional investors primarily to fi- xxxxx finance or execute transactions in financial instruments as the counterparty and which possibly offers other services such as transaction clearing and settlement, custody, securities lending and bespoke operational support technology and equipment may be appointed to act as the prime broker. A prime broker may be commissioned by the Depositary to act as a sub-depositaryor depositary or by the AIFM to act as a business partner.

Prime Broker. Only a credit institution, a regulated securities firm or some other entity which is subject to a regulatory regime and continuous supervision and which offers services to professional investors primarily to fi- xxxxx finance or execute transactions in financial instruments as the counterparty and which possibly offers other services such as transaction clearing and settlement, custody, securities lending and bespoke operational support technology and equipment may be appointed to act as the prime broker. A prime broker may be commissioned by the Depositary to act as a sub-depositaryor custodian or by the AIFM to act as a business partner.