Prime Brokerage Account definition

Prime Brokerage Account means an Account opened on the books and records of MSI plc in its capacity as
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Prime Brokerage Account means a brokerage account maintained for the Borrower pursuant to a prime brokerage agreement or a “long-only” custody account maintained for the benefit of the Borrower.
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Prime Brokerage Account means an Account opened on the books and records of MSI plc in its capacity as prime broker to the Client;
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Examples of Prime Brokerage Account in a sentence

  • Where MSI plc holds the Client's Investments in custody in the Prime Brokerage Account it shall hold such investments as trustee.

  • Enclose copy of most recent audited/unaudited financial statement (required for credit review) Prime Brokerage Account number (if Prime Brokered with Morgan Stanley).

  • Each online Cash Payments Instruction in respect of a Prime Brokerage Account must be input and approved as follows Access Levels Authorised Persons: First and Last Name or Client Link ide-mail addressAccess Level:Authorisation Group Membership (optional): If Authorisation Groups are defined, list the Group or Groups to which each Authoriser will belong.

  • Broker understands and agrees that if Prime Broker shall disaffirm or “dk” any trade executed by Broker on behalf of a Prime Brokerage Account, Broker shall open an account for such Prime Brokerage Account in its range of accounts and shall transfer or deliver the trade to such account at the risk and expense of Broker to the same extent as for any account introduced by Broker pursuant to this Agreement.

  • Where Investments credited to a Prime Brokerage Account are registered in the name of an Associated Firm, a sub-custodian appointed by MSI plc or that of its or such sub-custodian’s nominee, MSI plc will credit to that Prime Brokerage Account any Income actually received by it to which the Client is entitled as soon as reasonably practicable (after deduction of any taxes or duties payable).

  • Availability: Normally, any securities to be transferred by the Client must be available for transfer in a Prime Brokerage Account or be provided by the Client to MSI plc in good time to enable MSI plc to settle the relevant transfer.

  • Introducing Firm understands and agrees that if Prime Broker shall disaffirm or “dk” any trade executed by Introducing Firm on behalf of a Prime Brokerage Account, Introducing Firm shall open an account for such Prime Brokerage Account in its range of accounts and shall transfer or deliver the trade to such account at the risk and expense of Introducing Firm to the same extent as for any account introduced by Introducing Firm pursuant to this Agreement.

  • Broker understands and agrees that if Prime Broker shall disaffirm or "dk" any trade executed by Broker on behalf of a Prime Brokerage Account; Broker shall open an account for such Prime Brokerage Account in its range of accounts and shall transfer or deliver the trade to such account at the risk and expense of Broker to the same extent as for any account introduced by Broker pursuant to this Agreement.

  • Broker understands and agrees that if Prime Broker shall disaffirm or "dk" any trade executed by Broker on behalf of a Prime Brokerage Account; Broker shall open an account for such Prime Brokerage Account in its range of accounts and shall transfer or deliver the trade to such account at the risk and expense of Broker to the same extent as for any account introduced by Broker pursuant to the Agreement.

  • Broker shall promptly notify Pershing, but in no event later than 5:00 p.m. New York time of trade date in a mutually acceptable fashion, of such trades in sufficient detail for Pershing to be able to report and transfer any trade executed by Broker on behalf of a Prime Brokerage Account to the relevant Prime Broker.


More Definitions of Prime Brokerage Account

Prime Brokerage Account means an Account opened on the books and records of Morgan Stanley & Co. International plc in its capacity as prime broker to the Client;
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Related to Prime Brokerage Account

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.