Bilateral trades
Hello everyone,
I have a very simple question regarding a bilateral agreement between two brokerage house.
I am working in a brokerage company and I am trying to find a less risky clearing solution when we trade with other eligible counter parties. When we do business with end clients we use a Give up Agreement and a Prime Bank. However, it is very difficult to require a Give up agreement from an eligible counter party ( other brokerage company, banks etc. ). Is there any other solution to resolve this matter using the structure for example of one or two prime banks?
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