Prime Broker Client definition

Prime Broker Client means a Participant that has been identified by a Prime Broker in a Prime Broker Acknowledgment Letter to place Prime Brokerage Orders on the SEF and to execute Prime Broker Transactions in the name of and on behalf of such Prime Broker.
Sample 1Sample 2Sample 3
Prime Broker Client means a Trade counterparty who, acting as agent for a designated Prime Broker and is authorized by such Prime Broker to enter into a Prime Broker Trade on or pursuant to the rules of GTX with one or more designated Executing Dealers.
Sample 1
Prime Broker Client means a [Swap] counterparty who, acting as agent for a designated Prime Broker, either directly or through its [authorized representative], is authorized by such Prime Broker to enter into an FX Prime Brokerage [Swap] on or pursuant to the rules of the [SEF] with one or more designated Execution Counterparties.
Sample 1

Examples of Prime Broker Client in a sentence

  • A Participant acting as a Prime Broker Client may enter into an Uncleared Swap in the name of and on behalf of a Prime Broker only with a counterparty with which such Prime Broker has swap trading relationship documentation that meets the requirements of Applicable Law.

  • Prime Brokers shall be responsible for all Prime Brokerage Orders placed or Prime Broker Transactions executed by a Prime Broker Client acting in its capacity as such subject to and in accordance with the relevant Prime Broker Acknowledgement Letter and Rules 4105 and 5103.E.

  • By providing a Prime Broker Acknowledgement Letter to the SEF, each Prime Broker is deemed to authorize the SEF to send Confirmations of Prime Broker Transactions to the applicable Prime Broker Client and, in the case of a Prime Broker Transaction transacted through an Introducing Broker, to the applicable Introducing Broker, subject to Rule 4105(b).

  • With respect to any Uncleared Swap, the economic terms specific to the Transaction shall be reflected in a written communication (the “Trade Communication”) sent by the SEF to each counterparty, Introducing Broker or Prime Broker Client in accordance with Rule 4012(a).

  • Upon receipt of a Confirmation, such counterparty, Introducing Broker or Prime Broker Client (as applicable) shall, as soon as practicable, review the contents of such Confirmation and promptly report any errors or omissions to the SEF.

  • A Participant may enter into an Uncleared Swap on behalf of a Customer or Client only if such Customer (or, where the Customer is a Prime Broker Client, the related Prime Broker) or Client has swap trading relationship documentation with the relevant counterparty that meets the requirements of Applicable Law.

  • As set forth in Rule 4105(b)(3), a Prime Broker shall have no responsibility to supervise any Prime Broker Client or any of such Prime Broker Client’s Supervised Persons.

  • Nothing in this Rule 5103.E shall restrict the rights of a Prime Broker Client to request a review of a Prime Broker Transaction pursuant to the other provisions of Rule 5103.

  • Notwithstanding anything to the contrary in the SEF Rules, the SEF shall have the right, in its sole discretion, to suspend, revoke, limit, condition, restrict or qualify the ability of any Participant to transact on the SEF as a Prime Broker or Prime Broker Client following the use of the cancellation right in 5103.E.(a).

  • A Prime Broker has no responsibility to supervise any Prime Broker Client or any of such Prime Broker Client’s Supervised Persons.

Related to Prime Broker Client

  • Prime Broker means a Person that acts as credit counterparty for transactions executed on the SEF in the name and on behalf of such Person by its client or an agent of its client that is a BSEF Participant and that has authorized a Participant to send RFQs, place Orders or enter into Trades in the name and on behalf of such Person.

  • Data Broker means either of the following:

  • The Client means the organization purchasing the service.

  • Professional Client means a client meeting the criteria laid down in Annex II;

  • Retail Client means a client who is not a professional client;

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Employment services organization means an organization that provides community-based employment services to individuals with disabilities that is an approved Commission on Accreditation of Rehabilitation Facilities (CARF) accredited vendor of the Department of Aging and Rehabilitative Services.

  • Salesperson means any person holding an Iowa real estate salesperson license as defined in Iowa Code section 543B.5(19).

  • Real estate broker means an individual or business entity that, with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses of, lists or offers or attempts to list, or negotiates the purchase, sale, or exchange of real estate; that negotiates the mortgage of real estate; that negotiates for the construction of a building on real estate; that leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; that engages in property management as a whole or partial vocation; that sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or that, as owner or otherwise, engages in the sale of real estate as a principal vocation.

  • Principal broker means a broker who is either a real estate proprietor, a partner in a real estate partnership, or an officer in a real estate corporation.

  • Designated Broker means the financial services firm or other agent designated by the Company to maintain ESPP Share Accounts on behalf of Participants who have purchased shares of Common Stock under the Plan.

  • Client Group means Client, any corporate body of which Client is a subsidiary (as defined by s. 1159 of the Companies Act 2006), any other subsidiary of such corporate body and any subsidiary of Client;

  • Introducing Broker means a third party who introduces prospective Clients to the Company.

  • Potential Client means any person or entity to whom the Company has offered (by means of a personal meeting, telephone call, or a letter or written proposal specifically directed to the particular person or entity) to serve as investment adviser or to provide or distribute insurance products but which is not at such time an advisee, investment advisory or insurance customer, distributor or client of the Group or any person or entity for which a plan exists to make such an offer; persons or entities solicited or to be solicited solely by non-personalized form letters and blanket mailings are excluded from this definition;

  • Authorized Broker means those Brokers which are authorized to deal in Government Securities.

  • Consulting physician means a physician who is qualified by specialty or experience to make a professional diagnosis and prognosis regarding the patient's disease.