This document outlines the obligations and responsibilities of a customer in a Prime Brokerage Agreement, including settlement obligations, discretionary account management, fees and charges, and restrictions on accounts. It specifies the customer's liability in the event of a Prime Broker's failure to settle transactions and the procedures for managing discretionary accounts. It also details the fees and charges applicable and the rights of the Executing Broker or Pershing to refuse or restrict transactions.
doj/DataSet10/EFTA01454026.pdf
{"document_type":"legal","document_subtype":"Prime Brokerage Agreement","key_organizations":["Pershing LLC","The Bank of New York Mellon Corporation","FINRA","NYSE","SIPC"],"reference_numbers":["FRM-PRMBRK-12-11","DB-SDNY-0111925","SDNY_GM_00258109","EFTA01454026"]}