Prime Brokerage Services. (a) Prior to the commencement of any prime brokerage activity, Bear Xxxxxxx will enter into an agreement with your executing broker(s) that will set forth the terms and conditions under which your executing broker(s) will be authorized to accept orders from you for settlement by Bear Xxxxxxx (the "Prime Brokerage Agreement"). Bear Xxxxxxx will accept for clearance and settlement trades executed on your behalf by such executing broker(s) as you may designate from time to time. On the day following each transaction, Bear Xxxxxxx will send you a notification of each trade placed with your executing broker based upon the information provided by you. This notification contains some but not all of the information required to appear in a confirmation.
Prime Brokerage Services. 7.1 BLUE SUISSE w�ll appo�nt one or more Pr�me Brokers, as �dent�f�ed on the Webs�te, for the purpose of prov�d�ng pr�me brokerage serv�ces �n relat�on to any Transact�ons and Contracts. Contracts w�ll be entered �nto and Transact�ons w�ll be xxxx�ed out, e�ther w�th the Pr�me Broker as counterparty (act�ng as pr�nc�pal), or w�th a Counterparty, w�th “g�ve-up” of such Transact�ons and Contracts (the “G�ve-up Transact�ons”) to the Pr�me Broker. The term “Counterparty” or “Counterpart�es” �ncludes any Pr�me Broker on whose behalf a G�ve-up Transact�on �s entered �nto. The Customer agrees that any G�ve-up Transact�on entered �nto w�th a Counterparty on behalf of a Pr�me Broker shall, subject to the terms of the underly�ng agreement w�th the Pr�me Broker, be a Transact�on or Contract between the Pr�me Broker and such Counterparty and ne�ther BLUE SUISSE nor the Customer shall have any r�ghts or obl�gat�ons w�th respect thereto. The Customer hereby author�ses BLUE SUISSE, upon rece�pt of an Order �nvolv�ng a G�ve-up Transact�on, to automat�cally enter �nto a b�nd�ng off-sett�ng transact�on (each, an “OffSett�ng Transact�on”) w�th the Pr�me Broker on behalf of the Customer, on the same terms and cond�t�ons as the G�ve-up Transact�on. The Customer hereby author�ses BLUE SUISSE to d�sclose to the relevant Serv�ce Prov�ders and to each Pr�me Broker on whose behalf a G�ve-up Transact�on �s entered �nto any and all data perta�n�ng to such G�ve-up Transact�ons and any related Off-Sett�ng Transact�ons. The term “Transact�ons” shall �nclude any and all Off-Sett�ng Transact�ons entered �nto hereunder w�th a Pr�me Broker, as the case may be. The Customer acknowledges and agrees that the Serv�ces are subject to the terms and cond�t�ons and a contractual arrangements govern�ng the serv�ces prov�ded by the Pr�me Broker. Any Pr�me Broker may, at any t�me and w�thout pr�or not�ce to BLUE SUISSE or the Customer, bar or restr�ct the ab�l�ty to act w�th respect to and execute G�ve-up Transact�ons on behalf of such Pr�me Broker.
Prime Brokerage Services. (a) Prior to the commencement of any prime brokerage activity, Bear Steaxxx xxxl enter into an agreement with your executing broker(s) that will set forth the terms and conditions under which your executing broker(s) will be authorized to accept orders from you for settlement by Bear Steaxxx (xxe "Prime Brokerage Agreement"). Bear Steaxxx xxxl accept for clearance and settlement trades executed on your behalf by such executing broker(s) as you may designate from time to time. On the day following each such transaction, Bear Steaxxx xxxl send you a notification of each trade placed with your executing broker for settlement by us based upon the information provided by you or your agent.
Prime Brokerage Services. (a) Prior to the commencement of any prime brokerage activity, Bear Stearns will enter into an agreement with your executing xxxxxx(s) that will set forth the terms and conditions under which your executing broker(s) will be authorized to accept orders from you for settlement by Bear Stearns (the "Prime Brokerage Agreement"). Bear Stearns xxxx xccept for clearance and settlement trades xxxxxxxd on your behalf by such executing broker(s) as you may designate from time to time. On the day following each transaction, Bear Stearns will send you a notification of each trade placex xxxx your executing broker based upon the information provided by you. This notification contains some but not all of the information required to appear in a confirmation.
Prime Brokerage Services. In addition to maintaining the Account with Xxxxxxxx and executing transactions therein, Client maintains brokerage accounts with a number of other brokers and may, from time to time, place orders to be executed by one or more of these brokers designating Pershing as Client’s prime broker in accordance with the letter dated January 25, 1994 from the Division of Market Regulation of the Securities and Exchange Commission (or, if applicable, any subsequent amending or superseding letter or order, rule or regulation) (the “No-Action Letter”). Subject to the terms and conditions set forth herein, Xxxxxxxx agrees to act as prime broker for Client and to perform certain settlement and clearance services in connection with such transactions (“Prime Brokerage Transactions”).
Prime Brokerage Services. 1. Customer hereby acknowledges that it has read and fully understands the terms of the No-Action Letter and that it undertakes to carry out Prime Broker Transactions in accordance with the terms of the No- Action Letter and to inform LSC promptly if this undertaking is not met.
Prime Brokerage Services. 7.1 BLUE SUISSE will appoint one or more Prime Brokers, as identified on the Website, for the purpose of providing prime brokerage services in relation to any Transactions and Contracts. Contracts will be entered into and Transactions will be carried out, either with the Prime Broker as counterparty (acting as principal), or with a Counterparty, with “give-up” of such Transactions and Contracts (the “Give-up Transactions”) to the Prime Broker. The term “Counterparty” or “Counterparties” includes any Prime Broker on whose behalf a Give-up Transaction is entered into. The Customer agrees that any Give-up Transaction entered into with a Counterparty on behalf of a Prime Broker shall, subject to the terms of the underlying agreement with the Prime Broker, be a Transaction or Contract between the Prime Broker and such Counterparty and neither BLUE SUISSE nor the Customer shall have any rights or obligations with respect thereto. The Customer hereby authorises BLUE SUISSE, upon receipt of an Order involving a Give-up Transaction, to automatically enter into a binding off-setting transaction (each, an “OffSetting Transaction”) with the Prime Broker on behalf of the Customer, on the same terms and conditions as the Give-up Transaction. The Customer hereby authorises BLUE SUISSE to disclose to the relevant Service Providers and to each Prime Broker on whose behalf a Give-up Transaction is entered into any and all data pertaining to such Give-up Transactions and any related Off-Setting Transactions. The term “Transactions” shall include any and all Off-Setting Transactions entered into hereunder with a Prime Broker, as the case may be. The Customer acknowledges and agrees that the Services are subject to the terms and conditions and a contractual arrangements governing the services provided by the Prime Broker. Any Prime Broker may, at any time and without prior notice to BLUE SUISSE or the Customer, bar or restrict the ability to act with respect to and execute Give-up Transactions on behalf of such Prime Broker.
Prime Brokerage Services. In connection with any transactions for which UBS Securities acts as Client's Prime Broker pursuant to the SEC Letter:
Prime Brokerage Services i. Introducing Firm shall submit a request to the Clearing Agent to approve a Prime Brokerage relationship between Clearing Agent and Introducing Firm's account holder of Introduced Account.
Prime Brokerage Services i. Upon Clearing Agent's approval of the Prime Brokerage Account, Clearing Agent shall create a linked account(s) between the Prime Brokerage Account and the Executing Broker (the contra-party of the trade).
