Examples of Prime Brokerage Customer in a sentence
In connection with the Prime Brokerage Customer Agreement, and in accordance with federal securities laws, Fifth Third and LBI entered into a Special Custody Agreement with State Street Bank and Trust Company (“State Street”).
Prime Brokerage Customer Account Transfers.A dealer firm should have the operational capacity to facilitate the orderly transfer of prime brokerage accounts to peer prime brokers in periods of material financial distress and in resolution.
The continued retention of $5,000,000 minimum net equity is not required by the Prime Brokerage Customer Agreement (the “Agreement”), and the collateral alone is a multiple of that required under FINRA Rule 4210.
In addition, using its preferred resolution strategy as a baseline, the dealer firm’s resolution plan should describe and demonstrate its approach to testing the sensitivities of the identified key drivers and the potential impact on its forecasts of resource needs.36 Prime Brokerage Customer Account Transfers.
Pg. 13 Broker understands and agrees that all Prime Brokerage Accounts shall be conducted in accordance with the requirements of the No-Action Letter and any relevant agreement between Broker and a Prime Brokerage Customer or between Pershing and relevant Prime Broker.
EXHIBIT 4 EXHIBIT 5 EXHIBIT 6 Account Number Prime Brokerage Customer AgreementJefferies LLC Prime Brokerage Services 520 Madison AvenueNew York, NY 10022T: 212.284.2000 – F: 917.421.1931 This Agreement sets forth the terms and conditions under which Jefferies LLC (“Jefferies”) will open and maintain one or more accounts (each an “Account”) in the name of the customer specified below (which shall be hereinafter referred to as “you,” “your” or “yours”) and otherwise transact business with you.
Broker understands and agrees that all Prime Brokerage Accounts shall be conducted inaccordance with the requirements of the No-Action Letter and any relevant agreement between Broker and a Prime Brokerage Customer or between Pershing and relevant Prime Broker.
Stephen Augustin, a Jefferies Senior Vice President, emailed to IsZo Capital the Prime Brokerage Customer Agreement (the “Agreement”), highlighting that $5,000,000 Minimum Net Equity is supposedly required for a Portfolio Margin Account (“the 5mm is referenced in the attached PBA.
In addition, using its preferred resolution strategy as a baseline, the dealer firm’s resolution plan should describe and demonstrate its approach to testing the sensitivities of the identified key drivers and the potential impact on its forecasts of resource needs.65 Prime Brokerage Customer Account Transfers.