Examples of Prime Broker Trade in a sentence
RULE 516.D Prime Broker Trades (a) A Participant that is a Counterparty to a Prime Broker Trade may request the cancellation of a Prime Broker Trade.
The cancellation message must state the USI of the Prime Broker Trade and the reason for cancellation.
If the Prime Broker confirms the cancellation, BSEF will cancel the Prime Broker Trade.
If BSEF determines that the cancellation satisfies the conditions of Rule 516.D(b), BSEF will cancel the Prime Broker Trade.
The cancellation message must state the USI of the Prime Broker Trade, name and contact information of the Prime Broker for the Prime Broker Trade and the reason for cancellation.
A Prime Broker Trade shall be canceled in accordance with Rule 516.D.
The Participants involved in an erroneous Trade, other than a Prime Broker Trade, may mutually agree to cancel the erroneous Trade or to correct or adjust the erroneous Trade.
If, after its own investigation or a notice from a Participant, BSEF determines in its sole discretion that the execution of a Trade, other than a Prime Broker Trade, was the result of an error made by the SEF Platform, then BSEF may: (A) cancel such Trade; or (B) if both Participants, or with respect to a Prime Broker Trade, both Participants and the Prime Broker, affected by the erroneous Trade agree, correct or adjust the price.
The cancellation message must state the name and contact information of the Prime Broker for the Prime Broker Trade and the reason for cancellation.
The Prime Broker shall communicate the cancellation directly to BSEF within 48 hours after the execution of the Prime Broker Trade and indicate the reason for the cancellation.