Prime Brokerage Customer definition

Prime Brokerage Customer means any Person who meets the description of a Prime Brokerage Customer and satisfies the requirements applicable to Prime Brokerage Customers in the United States Securities and Exchange Commission's no-action letter dated January 25, 1994 to the Prime Broker Committee of the Securities Industry Association.
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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.

Related to Prime Brokerage Customer

  • 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:

  • Network Customer means an entity receiving transmission service pursuant to the terms of the Transmission Provider’s Network Integration Transmission Service under Tariff, Part III. Network External Designated Transmission Service:

  • Host Customer means the customer account directly connected to a Customer-Generator Facility or Community Energy Facility, or, for a stand-alone Community Energy Facility, the customer account as designated by the Subscribers who share the energy production of the Community Energy Facility.

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

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

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • New Customer has the meaning set forth in Section 17.3(b).

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • household customer means a customer purchasing electricity for his own household consumption, excluding commercial or professional activities;

  • Associate broker means a licensed broker who is employed by

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Existing Customer means an individual who has purchased goods or services from a person, who is the recipient of a voice communication from that person, and who either paid for the goods or services within the 12 months preceding the voice communication or has not paid for the goods and services at the time of the voice communication because of a prior agreement between the person and the individual.

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Business Customer means a customer who is not a residential customer.

  • Vendor or “Vendors” means any entity submitting a bid in response to the Solicitation, the entity that has been selected as the lowest responsible bidder, or the entity that has been awarded the Contract as context requires.

  • Major Customer has the meaning set forth in Section 3.22.

  • Commodity Broker means any person who engages in the business of effecting transactions in Commodity Contracts for the account of others or for his or her own account.

  • Company Customer means a person or entity for whom the Company or any of its Subsidiaries was providing services either at the time of, or at any time within the twelve (12) months preceding the Termination Date, and for whom the Participant had direct contact with and/or carried out or oversaw a material business responsibility during said twelve (12) month period or about whom the Participant had exposure to or received Confidential Information as a result of the Participant’s employment with the Company or any of its Subsidiaries.

  • Indigent Customer means the head of an indigent household:-

  • End Customer means any party that is licensed to receive the Data either directly or via a Redistributor or group of Redistributors.

  • Account Information Service Provider means a payment service provider pursuing business activities as referred to in point (8) of Annex I;

  • TCP Customers We will not impose Credit Management Charges unless the Charges are a reimbursement of our costs and you are advised of their amount or method of calculation.

  • Financial Services Provider means any Lender and any other provider of financial services or products;