Prime Broker Sample Clauses
The Prime Broker clause defines the role and responsibilities of a prime broker in a financial agreement, typically involving the facilitation of trading, settlement, and custody services for a client. This clause outlines the scope of services provided by the prime broker, such as executing trades on behalf of the client, providing margin financing, and managing collateral. By clearly establishing the prime broker's duties and the terms of their engagement, this clause ensures operational clarity and helps prevent disputes regarding the handling of client assets and transactions.
Prime Broker. Only a credit institute, a regulated investment company or another entity may be mandated. Such a prime broker will be subject to regulatory oversight and constant monitoring and will offer services to professional investors in order to primarily finance or carry out transactions with financial instruments as a counter-party, and will possibly offer other services such as the clearing and settlement of transactions, custodianship services, securities lending and customised technologies and facilities for business support. A prime broker may be appointed by the depositary as a sub-depositary, or by the AIFM as a business partner. Further information on the prime broker, if available, is available in the fund specific Appendix A "Overview of Funds".
Prime Broker. Only a credit institution, a regulated securities firm or some other entity which is subject to a regulatory regime and continuous supervision and which offers services to professional investors primarily to fi- ▇▇▇▇▇ or execute transactions in financial instruments as the counterparty and which possibly offers other services such as transaction clearing and settlement, custody, securities lending and bespoke operational support technology and equipment may be appointed to act as the prime broker. A prime broker may be commissioned by the Depositary to act as a sub-depositaryor by the AIFM to act as a business partner.
Prime Broker. 5.1. Unless otherwise agreed to by separate agreement between User and Prime Broker, User acknowledges and agrees that Prime Broker may, at any time and without prior notice, bar or restrict User’s ability to execute Trades via the Service.
5.2. If for any reason any Trade entered into by User is rejected by User’s Prime Broker or FASTMATCH’s prime broker (“Rejected Trade”), such Rejected Trade shall be: (a) subject to the terms of this Agreement; and (b) liquidated at a commercially reasonable rate determined by FASTMATCH and such amount payable by either Party pursuant to liquidation shall be paid within one business day of notice of liquidation by FASTMATCH.
Prime Broker. Advisor will not take custody of any assets of the Account, but will issue settlement instructions to the Prime Broker designated by Client ("Prime Broker"). The initial Prime Broker shall be ▇▇▇▇▇▇ Brothers. The Prime Broker may be changed from time to time upon the written instructions of Client. All transactions authorized by this Agreement shall be made by payment to or delivery by Prime Broker. Advisor shall not act as Prime Broker or at any time have possession of cash or securities of the Account with the exception where the Advisor would have custody of the certificates of unregistered convertible securities in order to effectively manage the conversion process.
Prime Broker. The Trading Advisor shall effect all transactions in futures interests for the Trading Company through the Trading Company’s separate account maintained with such commodity broker or brokers as the Trading Manager shall direct and appoint from time to time with the prior written consent of the Trading Advisor, which consent shall not be unreasonably withheld. Both ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. LLC (“MS & Co.”), ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. International Limited (“MSIL”), and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Group Inc. (“MSCG” and collectively, the “Commodity Brokers”) may act as the clearing commodity brokers for the Trading Company, and MS & Co. and its Affiliates may act as FX forward contract counterparty for the Trading Company. MSCG and its Affiliates may act as an options on FX forward contract counterparty for the Trading Company. The Trading Manager shall provide the Trading Advisor with copies of brokerage statements.
Prime Broker. The Investor’s prime broker and share custodian are as set forth on Schedule 4.10.
Prime Broker. ❑ The Entity hereby applies for a prime brokerage account to be introduced to and carried by Clearing Firm. In addition to other applicable agreements and supplements set forth herein, the Entity agrees to abide by the Prime Brokerage Supplement, which is deemed to be a contract between me/us and Clearing Firm within the meaning of the Securities and Exchange Commission No-Action Letter on prime brokerage dated January 25, 1994. The executing brokers listed below (or on an attached sheet) shall constitute the Entity’s schedule of authorized executing brokers where the Entity maintains accounts. Upon establishing an account with another executing broker, the Entity agrees to immediately notify Clearing Firm and provide Clearing Firm with written updates of this list. If the Entity wants to use Clearing Firm as its prime broker, it agrees to maintain a minimum net liquidating account balance as may be required by Clearing Firm or any law, rule or regulation. Name of Executing Broker: Name of Executing Broker: Address: Address: Operational Contact at Executing Broker: Operational Contact at Executing Broker: Account Name/Number: Account Name/Number: Executing Broker’s Clearing Firm: Executing Broker’s Clearing Firm:
Prime Broker. It is possible to appoint a prime broker as a service provider. Only credit institutions, regulated Investment Firms or other parties undergoing regulatory oversight and under ongoing supervi- sion that offers services to Professional Investors, in the first line to finance or run business of the counterparty with financial instruments, and possibly also other services such as clearing and settlement of transactions, provision of deposit services, securities lending and individually adapted technologies and facilities for operational support. A prime broker may be appointed by the Depositary as sub-depositary or by AIFM as a service provider.
Prime Broker. 6.1. As you have elected to utilise the services of a prime broker and have informed us of that election in the User Application Form, all instructions given by you via the System to enter into transactions will be deemed to be irrevocable orders on behalf of the Prime Broker and any resulting transactions shall be given-up to such Prime Broker.
6.2. You shall be responsible for entering into agreements or arrangements with your Prime Broker regarding all aspects of your prime brokerage relationship with respect to instructions, Orders and Transactions. You shall comply fully with the terms and conditions of such agreements and arrangements in connection with your use of the System. Your entitlement and ability to submit instructions and Orders via the System is subject to your compliance with such agreements and arrangements. You acknowledge and agree that Prime Broker may, at any time and without prior notice, bar or restrict your ability to execute transactions via the System, such Oct 13 V.1.