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FIS Enterprise Risk Ideas Portal
Created by Jean-Marc Schwob
Created on Aug 14, 2020

Give-Up Agreements

(This work may be required to bring native ACR in line with the proposed Netting Microservice)

Support for transactions that are done with counterparties that are 'given-up' to a Prime Broker. This would involve the following (at a high level, subject to a more detailed spec):

  • A new 'Prime Broker Parent' attribute on the Legal Entity property sheet

  • A mechanism to transfer the exposure from the original deal counterparty to its Prime Broker Parent

  • A list of "Give-up Clients" on netting agreements, that would determine such deals' ability to net under the Prime Broker agreement.

  • Attach files