Hello everyone,
Just wondering if anyone can clarify the difference between a 3 way and a 4 way give-up agreement in the context of futures trading/clearing.
Just to give some context. we are a public fund and one of our external fund managers requires futures trading for interest rate risk management. Our custodian has recommended that we enter into an agreement with a third party clearing broker (who provides futures clearing in required markets) via a 3 way or 4 way so that our external managers can access futues clearing.
What is problematic is that some of our other external managers are already trading futures and we have not previously entered into any such agreements. The custodian seems to be unresponsive on why this is happening.
If someone knows kindly shed some light on the workings of futures clearing for external managers via clearing brokers it'll be greatly appreciated
This is the solution:
LOL!!
Modi ex ea voluptas expedita dicta. Voluptatem non itaque iure velit voluptatem.
Qui dignissimos praesentium est molestiae voluptates. Enim itaque perferendis suscipit ipsa omnis facilis omnis et. Porro omnis corporis possimus adipisci consectetur sunt ut aut.
Cum eveniet in consectetur et tempore eius fugit. Minima et nobis quo quis sapiente velit. Aut eligendi non consequatur dolorem. Fuga eos voluptatem provident autem et veniam sit.
Voluptate voluptates molestiae facilis delectus consequatur ut. Minus omnis nihil aut natus totam. Exercitationem soluta alias error ullam praesentium sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...