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prime brokerage services

    84a package of services provided under a prime brokerage agreement which gives a prime brokerage firm a right to use safe custody assets for its own account and which comprises each of the following:

      1. (a) custody or arranging safeguarding and administration of assets;
      1. (b) clearing services; and
      1. (c) financing, the provision of which includes one or more of the following:
        1. (i) capital introduction;
        1. (ii) margin financing;
        1. (iii) stock lending;
        1. (iv) stock borrowing;
        1. (v) entering into repurchase or reverse repurchase transactions;

    and which, in addition, may comprise consolidated reporting and other operational support.