Fx prime brokerage agreement

Fx prime brokerage agreement

Posted: 1qwe Date of post: 22.07.2017

Search Documents Browse Documents. This Broker Dealer Agreement involves Morgan Stanley Co. Search for free - click here. CUSTOMER FX PRIME BROKERAGE AGREEMENT Governing Law: Governing Law optional All Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming.

JFD Prime - FX Prime Brokerage

Customer Fx Prime Brokerage Agreement Broker Dealer Agreement. You are currently viewing: Incorporated "Morgan Stanley" agreeing to act as prime broker of each entity specified in Annex B attached hereto severally, and not jointly, each a "Customer" with respect to FX Transactions executed by Advisor with one or more Executing Dealers and given up to Morgan Stanley in accordance with the terms of this Agreement, each Customer hereby agrees as follows: If Customer directs Morgan Stanley to accept trading instructions from an Advisor, unless otherwise agreed in writing, Customer hereby appoints such Advisor as Customer's agent for the purpose of receiving all communications, notices and requests for instructions related to this Agreement and the transactions effectuated pursuant to this Agreement, including, without limitation, margin calls and any trading information or advice subject to Section 6 b hereof.

Advisor is authorized to access and use electronic services, facilities and information provided electronically, including but not limited to electronic trading systems, and on behalf of Customer, to agree to the terms and conditions regarding such use and to enter into electronic trading agreements. Customer hereby agrees to indemnify and hold Morgan Stanley harmless from and to pay Morgan Stanley promptly on demand any and all losses arising from Customer's appointment of Advisor; Morgan Stanley shall be protected in continuing to act in reliance on the appointment of the Advisor until Morgan Stanley receives written notice thereof; and termination of the appointment of the Advisor shall not affect any liability in any way resulting from transactions initiated prior to such termination.

This indemnity is in addition to and in no way limits or restricts any rights which Morgan Stanley may have under this Agreement.

FORM OF BROKERAGE AGREEMENT

Dollars, such amount and ii in all other cases, the amount fx prime brokerage agreement U. Dollars which could be purchased at the market rate prevailing at such time against delivery of such amount of currency on a specified no bullshit way to make money online date.

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Such rate shall be determined by Morgan Stanley in good faith and in a commercially reasonable manner to be the market rate available to Morgan Stanley at such time in the New York foreign exchange market or, at west australian news asx code reasonable election of Morgan Stanley, in the foreign exchange market of any other financial center in which the currency is traded and which is then open for business for the purchase or, as the case may be, sale of one currency against another currency for delivery on a specified date using the spot or forward rate as designated in the Notice.

If Morgan Stanley is unable to obtain a market rate pursuant to the preceding sentence, Morgan Stanley will determine the rate in good faith and in a commercially reasonable manner.

FX Prime Brokerage Agreement

Dollarsdetermine the net Dollar Value amount owed by such Executing Dealer to Morgan Stanley or owed by Morgan Stanley to such Executing Dealer by summing the Dollar Value of all long and short positions in such currency as determined in clause i above; and iii aggregate the Dollar Value amount determined pursuant to remington 700 tactical stock jae ii above for each currency with respect to which such Executing Dealer owes a net aggregate amount to Morgan Stanley.

MORGAN STANLEY AS PRIME BROKER. In connection with any FX Transactions where Morgan Stanley acts as prime broker for the Customer: Advisor on behalf of Customer shall not be permitted to execute Give-Up Transactions with more than fifteen Executing Dealers at any given time. Morgan Stanley may terminate its approval of any Executing Dealer at any time and in its sole discretion, provided that Morgan Stanley promptly notifies Customer and Advisor of any such determination to terminate approval.

Such termination shall be effective with respect to any FX Transactions executed by Customer with such Executing Dealer after the giving of such notice.

fx prime brokerage agreement

If Morgan Stanley rejects a Give-Up Transaction executed by Advisor on behalf of Customer with an Executing Dealer, Customer acknowledges and agrees that Morgan Stanley shall have no liability, whether in contract, tort or otherwise, to Customer or Advisor or the Executing Dealer with respect to such Give-Up Transaction, and that such rejected transaction shall be for the sole account and risk of Customer and subject to the terms and conditions of the Master Agreement if any between Customer and such Executing Dealer.

The terms of each such Customer FX Transaction shall be identical to the corresponding Give-Up Transaction.

Without limitation of the foregoing, Morgan Stanley may exercise any and all rights and remedies afforded to it under the applicable Master Agreement in connection with any Customer FX Transaction, including but not limited to, the right to liquidate any such Customer FX Transaction in accordance with and pursuant to the terms and conditions of the Master Agreement between Customer and Morgan Stanley.

In addition, any Customer FX Transactions shall be subject to the provisions of such Master Agreement regarding Customer's obligation to deposit and maintain Collateral.

Any Collateral delivered to Morgan Stanley by Customer in connection with Customer FX Transactions shall be subject in all respects to the terms and conditions of such Master Agreement, and Morgan Stanley shall be entitled to exercise any and all rights and remedies afforded to it under such Master Agreement with respect to such Collateral.

In the event of a conflict between this Agreement and such Master Agreement with respect to any Customer FX Transaction, the terms of this Agreement will control. Such notification may be made by Advisor either by i transmitting such Trade Details directly in written form to Morgan Stanley or ii affirming the Trade Details transmitted by Morgan Stanley to Advisor on behalf of Customer, in each case, through Morgan Stanley's electronic or web-based proprietary systems or services.

fx prime brokerage agreement

In the event that Advisor fails to provide such written notice to Morgan Stanley on a timely basis, Morgan Stanley shall have the right, in its sole discretion, to reject such Give-Up Transaction or to execute the corresponding Customer FX Transactions in accordance with the terms submitted to Morgan Stanley by the relevant Executing Dealer; provided, however, that Morgan Stanley shall use reasonable efforts to notify Advisor of missing Trade Details. Privacy Policy Terms of Use Legal Agreements Civil Procedure SEC Filings.

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