Prime Broker

Some articles on prime broker, prime:

Absolute Return - Short Selling
... he can borrow 1000 shares of company A to his prime broker and sell them for (say) 10 USD per share ... paying USD, and gives the shares back to his prime broker ... If his prime broker asked a 2% interest rate for borrowing the shares then the net gain of the manager is ...
Prime Brokerage
... Prime brokerage is the generic name for a bundled package of services offered by investment banks and securities firms to hedge funds and other professional investors needing the ability ... The prime broker provides a centralized securities clearing facility for the hedge fund so the hedge fund's collateral requirements are netted across all deals handled ... The prime broker benefits by earning fees ("spreads") on financing the client's margined long and short cash and security positions, and by charging, in some cases ...

Famous quotes containing the word prime:

    In time, after a dozen years of centering their lives around the games boys play with one another, the boys’ bodies change and that changes everything else. But the memories are not erased of that safest time in the lives of men, when their prime concern was playing games with guys who just wanted to be their friendly competitors. Life never again gets so simple.
    Frank Pittman (20th century)