Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right
The statement must include:
(a) the total value of Safe Custody Assets and the total amount of Client Money held by that prime brokerage firm for a Client;
(b) the cash value of each of the following:
(i) cash loans made to that Client and accrued interest;
(ii) securities to be redelivered by that Client under open short positions entered into on behalf of that Client;
(iii) current settlement amount to be paid by that Client under any futures contracts;
(iv) short sale cash proceeds held by the Authorised Person in respect of short positions entered into on behalf of that Client;
(v) cash margin held by the Authorised Person in respect of open futures contracts entered into on behalf of that Client;
(vi) mark-to-market close-out exposure of any OTC transaction entered into on behalf of that Client secured by Safe Custody Assets or Client Money;
(vii) total secured obligations of that Client against the prime brokerage firm; and
(viii) all other Safe Custody Assets held for that Client.
(c) total collateral held by the Authorised Person in respect of secured transactions entered into under a prime brokerage agreement, including where the Authorised Person has exercised a right of use in respect of that Client's Safe Custody Assets;
(d) the location of all of a Client's Safe Custody Assets, including assets held with a sub-custodian; and
(e) a list of all the institutions at which the Authorised Person holds or may hold Client Money, including money held in Client Accounts.