For Prime Broker Teams
Control agreements & minimize critical risks associated with Prime Broker settlement transactions
Provides you with instant electronic updates associated with the exchange of Prime Broker industry forms, such as SIA Form 150, SIA Form 151, and Amendment to Form 1-Schedule A.
Control established regulatory-approved account agreements and minimize critical risks associated with Prime Broker settlement transactions.
Provides a centralized document-tracking tool that allows your Prime Broker team to easily manage workflows via the system’s comprehensive dashboard.
Reduces your firm’s risk and unnecessary rejections (DKs) due to missing Prime Broker agreements or documentation.
Easily adapts to industry rules and regulations. Allows for customized business reporting needs and meets all regulatory electronic storage requirements.
Increases staff efficiency and productivity due to reduction in phone calls and elimination of manual faxes.
Compliance and Regulatory Requirements
Your settlements and transfer of accounts staff handles thousands of securities transactions daily. Errors made insecurities transfers occur daily costing your staff time and goodwill to your clients. In accordance with both NYSE Rule 412 D and NASD Rule 11870 (g)(3), the member organization in receipt of the claim must resolve it within 5 business days.
Prime Broker Integrated Network™ effortlessly and securely addresses this process.