Limited liability partnership and Prime brokerage: Difference between pages

Revision as of 17:28, 15 December 2021

1.

Prime brokerage is a service to large institutional investors, including hedge funds.

It includes securities lending and custody.

2.

'Prime brokerage' can also refer to the business unit which provides prime brokerage services.

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-(LLP).
+.
-A limited liability partnership shares many of the features of an unlimited partnership - but it also offers reduced personal responsibility to the partners for the business debts of the partnership.
+Prime brokerage is a service to large institutional investors, including hedge funds.
-Unlike an unlimited partnership, the LLP itself is responsible for any debts that it runs up, not the individual partners.
+It includes securities lending and custody.
-LLPs were first allowed in law in the UK under the Limited Liability Partnerships Act 2000.
+.
+'Prime brokerage' can also refer to the business unit which provides prime brokerage services.
 == See also ==
-* [[Limited liability]]
+* [[Broker]]
-* [[Partnership]]
+* [[Brokerage]]
-* [[PSC]]
+* [[Custody]]
-* [[Reporting on Payment Practices and Performance Regulations]]
+* [[Hedge fund]]
+* [[Internalisation]]
-[[Category:Compliance_and_audit]]
+* [[Internalisation risk]]
+* [[Liquidity risk]]
+* [[Prime]]
+* [[Securities lending]]